The Crypto Task Force of the USA will focus on starting a Bitcoin National Reserve (BTC), a movement that will probably stimulate similar efforts worldwide, said Bernstein corridor in a research report on Monday.
“A creation of a US Bitcoin reserve. UU. It could lead to a global race among sovereigns to buy Bitcoin as one of the assets of the reserve,” wrote analysts led by Gautam Chugani.
The formation of a strategic reserve raises a series of structural questions, according to the report.
Will the United States Federal Reserve or the Treasury buy Bitcoin? If the Fed, that would require legislative approval, the report said.
How would the Fed Fundir Fundir the purchases of cryptocurrencies? Bernstein said he could issue debts or sell some of his gold reserves.
The United States government could add the $ 20 billion in Bitcoin that has seized any national reserve from criminal companies, the report added.
The corridor said the Trump administration also announced the creation of a sovereign wealth background (SWF).
Such fund “would consider cryptographic companies/leaders of the key market, as strategic assets to possess,” said Bernstein. “Investors must position themselves for the next section of the upward market in the shares linked to Bitcoin and Bitcoin.”
Read more: the growth of the cryptographic ecosystem was slowed in January, even when the total market capitalization increased, says JPMorgan
