This Could Be the Missing X Factor for Bitcoin, According to Cathie Wood of Ark Invest
2026-03-06 15:04:00 ET
It's now been almost exactly one year since the creation of the Strategic Bitcoin (CRYPTO: BTC) Reserve, and there hasn't been a lot to show for it. After all, the price of Bitcoin is now more than 45% below its all-time high.
But that could soon change. In January, Cathie Wood of Ark Invest outlined a scenario in which the U.S. government might initiate buying for the Strategic Bitcoin Reserve ahead of the 2026 midterm elections. If so, this could be the missing X factor that Bitcoin investors have been waiting for.
The original plan back in 2024 was for the U.S. government to buy 1 million BTC, or roughly 5% of the total circulating supply. According to Motley Fool research , that would make the U.S. government the largest holder of Bitcoin in the world.
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