Cathie Wood: Trump May Buy Bitcoin For US Reserve Ahead Of Midterms

Cathie Wood anticipates the Trump administration might begin purchasing Bitcoin to build a strategic reserve. She believes this could trigger a significant market shift, boosting institutional participation. Wood suggests government buying could reassert Bitcoin's scarcity value. Currently, the US government primarily holds confiscated Bitcoin. Wood speculates a pivot to active purchases is likely due to political incentives surrounding the 2026 midterms. Trump is motivated to maintain momentum and will work with advisors on crypto and AI initiatives. Wood believes the administration will start buying Bitcoin despite past hesitation. This action could influence other governments to consider Bitcoin for their reserves. Wood thinks this might pressure emerging market currencies, potentially reshaping volatility. She emphasizes that the US lead in buying could reshape global financial dynamics. As of now, Bitcoin is trading at a high price, reflecting the anticipation surrounding these potential market changes.