Cathie Wood: US government may eventually buy Bitcoin for strategic reserve

Ark Invest CEO Cathie Wood has predicted that the U.S. government could eventually purchase BTC as part of a strategic reserve. Speaking on the Bitcoin Brainstorm podcast, Wood noted that while the government's current holdings are limited to seized assets, its initial goal was to stockpile one million BTC. She stated it is highly likely the government will ultimately move to buy the cryptocurrency directly. Wood added that crypto is a very important political issue for President Donald Trump ahead of the midterm elections and a means for him to achieve productive results in the latter half of his term.