Overview
- Cathie Wood told ARK’s Bitcoin Brainstorm podcast that she expects the Trump administration to move from holding seized bitcoin to making open‑market purchases for a national reserve.
- She tied the potential pivot to midterm politics, arguing the president has incentives to keep crypto voters engaged and may also pursue a de minimis tax exemption on small transactions.
- Wood contrasted the current reserve, sourced mainly from criminal forfeitures and pledged not to be sold, with an earlier ambition she described as targeting one million bitcoin.
- White House AI and crypto lead David Sacks has stated any government bitcoin buying must be budget‑neutral, a constraint Wood acknowledged as the key hurdle.
- Wood said explicit U.S. purchases could amplify bitcoin’s scarcity narrative, spur other governments to revisit reserve allocations, and come as institutional adoption remains in its early stages.