US Working Group CRIPTO Focus on the delivery of National Bitcoin Reserve (BTC): Bernstein

USA CRIPTO WORKING GROUP will focus on the beginning of the national Bitcoin (BTC) ReserveThe move likely to encourage similar efforts around the world, Monday said Broker Bernstein in the research report.

“The creation of American reserves Bitcoin could lead to global race among the sovereigns that Bitcoin would buy as one of the spare means,” the analysts who led Gaatam Chhugani wrote.

The formation of the Strategic Reserve is a number of structural issues, the report said.

Will the American Federal Reserve or Treasury buy Bitcoin? If the Fed, it would be necessary legislative approval, noticed the report.

How would the fund fund fund purchase? Bernstein said he could add a debt or sell some of his gold reserves.

The American government could add $ 20 billion in Bitcoin, she seized from criminal enterprises in any national reservation, a report was added.

Broker noted that Trump Administration also announced Creating a sovereign wealth fund (SVF).

Such a fund “would consider the key US Cripto companies / market leaders, such as strategic property,” Bernstein said. “Investors should be placed for the next leg of the bull market through Bitcoin and Bitcoin associated with capital.”

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