TechFlow news, February 17 — According to CoinDesk, investment bank Bernstein released a research report stating that the U.S. cryptocurrency working group will prioritize establishing a national Bitcoin reserve. Analyst Gautam Chhugani's team believes this move could trigger a global trend of sovereign nations racing to include Bitcoin in their reserve assets.
The report examines key issues surrounding reserve formation: first, determining the purchasing entity—Federal Reserve involvement would require legislative approval; second, funding sources, which could be addressed through bond issuance or selling part of the gold reserves. The report also notes that the U.S. government could incorporate approximately $20 billion worth of Bitcoin previously seized from criminal activities into the national reserve.
Notably, the Trump administration previously announced the creation of a sovereign wealth fund (SWF), which will target major U.S. cryptocurrency companies as strategic investment opportunities. Bernstein advises investors to prepare for a new bull market in Bitcoin and related equities.
