Cathie Wood, founder of ARK Invest, stated that cryptocurrency was part of the reason Donald Trump won the presidential election and remains politically significant ahead of the upcoming midterm elections. She noted that the U.S. strategic Bitcoin reserve currently primarily comes from judicially seized assets, but the initial goal was to hold 1 million Bitcoins, with the possibility of future direct purchases. This strategic reserve was established by executive order, managed by the Treasury Department, and is considered a national strategic asset similar to gold reserves. (The Block)