Cathie Wood predicts Trump could buy Bitcoin for US reserve before midterms

Cathie Wood's Perspective on US Bitcoin Purchases:

Cathie Wood, CEO of ARK Invest, suggests the Trump administration might shift from holding seized BTC to actively purchasing it for a US strategic reserve.
This potential move could act as a catalyst for market dynamics and influence other governments' policies on bitcoin reserves.
Wood highlights that institutional investment in bitcoin is still nascent and emphasizes the scarcity factor with nearly 20 million bitcoins already mined.
She links this strategy to political motives ahead of the 2026 US midterm elections, suggesting a desire to maintain momentum and avoid political irrelevance.
Wood speculates that explicit US purchases of bitcoin could prompt other countries to reconsider their reserve strategies, potentially affecting global fiat currency stability.
The discussion includes the need for any strategic reserve approach to be budget-neutral, though no specific mechanism was provided.

Market Implications:

If adopted, US bitcoin purchases could lead to increased pressure on emerging-market currencies and encourage wider reserve diversification toward bitcoin.

At the time of reporting, BTC traded at $90,578.

Bitcoin price chart