According to analysts in Bernstein, the United States of America’s encryption team will focus on the start of the National Reserve in Bitcoin.
This was reported by Forbes Quoted by a report from the Bernstein analyst led by Gotam Choujani.
USA Crafts of America
In the United States there are many encryption teams.
The first is SECHeaded by Hester People, responsible for clarifying the application of federal securities laws to the encrypted currency market, and recommending practical policy measures aimed at enhancing innovation and protecting investors.
This is actually a purely technical workplace.
Then there is a working group created by Trump, headed by “Crypto CZAR” David Sacks. Technically, this is not a technical business group, but it is a political working group presented by the new president.
Although it is not quite clear from the FORBES article referred to by the Crypto Business, it seems unlikely to refer to the SEC’s technical work band, while it seems likely to refer to the political work group headed by Caesar encryption.
Strategic reserves in Bitcoin
In fact, it was already known that Trump has assigned that the political work group in a feasibility analysis and the opportunity to create a strategic reserve in Bitcoin.
What was not known is that it will focus specifically on this point.
But the Bernstein report also adds other interesting details.
They write:
“The creation of bitcoin reserves in the United States can lead to a global race between kings to buy bitcoin as one of the backup assets.”
The truth is that this race seems to have already started.
In fact, in many American states, bills have already been proposed to create local reserves in BTC. Moreover, it seems that there was already some sovereign money that bitcoin bought.
Last week, for example, it was revealed that the sovereign fund of Abu Dhabi invested $ 436.9 million in Spot Bitcoin Etf in Blackrock. Moreover, the sovereign box in Bhutan also owns BTC, although it has only buys it on mining on it.
Then there is always al -Salvador, which by buying small amounts of BTC has constantly managed to have more than 6000 (compared to 10,000 bottles).
Moreover, one should not forget that the United States itself already possesses approximately 200,000 bitcoin, derived from judicial seizures and theoretically for sale. China appears to have 190,000 people, also derived from judicial seizures and theoretically for sale.
In addition to all this, it should not be forgotten that in recent months there have been rumors that some joint investment funds buy a secret BTC.
The work of the United States of America encryption squad
The Political Working Group is on the encryption that Trump has quickly created.
In fact, the same bags wrote last week On his profile These important ads will soon arrive, after confirming that the Trump administration was evaluating a national reserve feasibility in Bitcoin, similar to the US oil and gold reserves.
Everything indicates that not only this is a priority for the TROMO administration, but they are already preparing to say something public soon.
According to Bernstein, the US Central Bank (Federal Reserve) can issue debts or sell part of its golden reserves to finance encrypted currency purchases. However, this hypothesis has already been rejected from the start by Federal Reserve Chairman Jerome Powell, although it may be one of the hypotheses that the encryption team is working on.
Instead, the Bernstein report indicates that the United States government can use other funds seized from criminals to buy and keep an additional BTC in the reserve.
Impact on bitcoin
According to analysts in Bernstein, in light of all this, investors must put themselves on bitcoin and on the bitcoin -related shares for the next bull market.
In fact, there are many who argue that the potential advertisement of the Trump administration in terms of creating a national strategic reserve in BTC can positively affect its price.
Moreover, the United States of America already has 198,000 BTC (about 19 billion dollars) in its possession, which can simply decide not to sell and preserve it as a reserve.
Therefore, the Trump administration, as promised during the election campaign, is in fact a national reserve in BTC, and does so soon. After that, there will be time to create new policies to buy an additional BTC.
