#密码资产动态追踪 Cathie Wood recently put forward a bold viewpoint: the Trump administration might acquire 1 million bitcoins.

Don't just look at this as a number—the logic behind it is quite complex. For Trump, this is not purely a matter of investment returns. The 2026 midterm elections are looming, and he clearly wants to avoid becoming a "lame duck president" constrained by Congress. Establishing a U.S. Bitcoin strategic reserve has jumped from a fringe topic to becoming a core bargaining chip for ensuring political influence.

From a balance sheet perspective, when Bitcoin rises, America's balance sheet benefits accordingly. This logic is self-consistent—policy-level support + asset appreciation expectations form a closed loop. The voting inclinations of the crypto community are also not to be underestimated, having essentially become one of the key variables for winning in 2026.

The future trajectory of $BTC has, in a sense, already been written into America's political agenda.