TechFlow news, according to Cointelegraph, cryptocurrency research firm CoinShares said in a blog post on January 10 that establishing a reserve bank for Bitcoin in the United States would accelerate Bitcoin adoption even faster than the launch of exchange-traded funds (ETFs) in 2024.
In 2024, U.S. lawmakers introduced the "Bitcoin Act," which would direct the U.S. Treasury to purchase 1 million BTC within five years to establish a "strategic Bitcoin reserve." President-elect Donald Trump endorsed the plan, but it has not yet been passed into law.
CoinShares stated: "We believe the enactment of the U.S. Bitcoin Act would have a far more profound long-term impact on Bitcoin than the launch of ETFs."
CoinShares said that "multiple interactions with institutional clients" indicate that Bitcoin's 'legitimacy' as an asset class remains the primary barrier to institutional adoption of BTC.
