ARK Invest CEO Cathie Wood proposed that the U.S. Treasury could aim to acquire 1 million Bitcoin as part of a strategic move ahead of the 2026 midterm elections. Speaking at the Bitcoin Brainstorm event, Wood suggested that Trump, to avoid becoming a 'lame duck' president, might collaborate with his cryptocurrency and AI affairs chief to implement key policies, including direct Bitcoin purchases by the Treasury.
Wood also highlighted the Trump family's significant investment in crypto assets, indicating a potential view of cryptocurrencies as a future pathway. ARK Invest's Director of Research, Lorenzo Valente, humorously noted that the government could quickly reach its Bitcoin target by acquiring MicroStrategy, which holds 600,000 Bitcoin.
Cathie Wood Suggests U.S. Treasury Could Acquire 1 Million Bitcoin
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