In January 2026, Cathie Wood, CEO of Ark Invest, urged the U.S. to add Bitcoin to its reserves and said such purchases could boost Bitcoin’s scarcity value, as she stated. Her remarks were also shared publicly in a tweet summarizing the interview.
She said stablecoins have taken some roles Bitcoin once aimed to serve. (Ed. note: Bitcoin supply is approaching 20 million coins.)
Cathie Wood warned that stablecoins are replacing the protection function Bitcoin was expected to provide to savers. She argued that gold’s recent gains increased Bitcoin’s digital-gold value and could offset stablecoin use.
Cathie Wood said active U.S. purchases would accelerate scarcity effects and lift value. “So I think we’re sorting through that. I think if we get the U.S., for example, not adding just confiscated Bitcoin to a strategic reserve out there buying, but if they were to do so, I have a feeling that would set off what we’re all waiting for, which is, you know, the scarcity value to reassert itself again now that we’re near 20 million Bitcoin outstanding and we only have one more million to go. I think the party has just begun in that way. And so we’re still very optimistic.”
Wood framed the outlook as constructive if government buying begins. Markets will watch policy moves and reserve purchases closely.
