PANews reported on January 9th that, according to The Block, Cathie Wood, founder of ARK Invest, stated that the US federal government may soon begin actual purchasesPANews reported on January 9th that, according to The Block, Cathie Wood, founder of ARK Invest, stated that the US federal government may soon begin actual purchases
Cathie Wood: The US government may begin purchasing Bitcoin to build up its national reserves.
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PANews reported on January 9th that, according to The Block, Cathie Wood, founder of ARK Invest, stated that the US federal government may soon begin actual purchases of Bitcoin to advance its goal of a "national strategic Bitcoin reserve." This reserve program was established by executive order early in Trump's re-election campaign, with an initial target of holding 1 million BTC, which has so far been accumulated primarily through asset seizures. Wood believes that as Trump seeks to maintain his political influence and the cryptocurrency industry's role in his election campaign, his administration may initiate such purchases.
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