Bernstein says: Can we sell gold to create a possible bitcoin reserve: Will it ignite a “world race” to buy BTC?

The coded currency team was formed under the president Donald Trump It is to put her eyes on the creation of a citizen Bitcoin BTC/USD The reserve, according to my research report on Monday from the mediation company Bernstein.

What happenedThe creation of such a stock can ignite a “global race” between countries to get Bitcoin as a backup asset, coinesk I mentionedQuoted from the note of the Bernstein analyst.

Analysis is considering an issue among the Federal Reserve and the Treasury Ministry that will implement potential purchases. If it decreases according to the federal reserve specialization, the legislative approval will be necessary.

Bernstein looked at the federal reserve options to finance these purchases, including lifting debts or selling gold reserves.

The report also indicated that the United States government can complete the national reserve with Bitcoin has confiscated Of criminal activities.

See too: Plaanb transmits Bitcoin to the circulating investment funds, saying that “Maxi” – Peter Chef is interacting: Apex Crypto “does not fulfill the supposed purpose”

Why do it matterAll of these results are in line with the legislation suggested by Senator Sinatia Lomes (R-WY), which calls for a million bitcoin coins for five years. The draft law presses the benefit of gold certificates, which were held at the 12th Federal Reserve, to finance future acquisitions.

Interestingly, after taking office, Trump signed an executive to assess the creation of “strategic national digital assets” and not just a stock of bitcoin.

The Federal Reserve previously stated that it was not allowed to obtain Bitcoin and was not looking for a change in the law.

Some analysts with whom Banznza had previously spoken to the sale of the United States to sell gold to finance bitcoin purchases, saying that the American public would not “tolerate this.”

PriceAt the time of writing this report, Bitcoin was the exchange of hands at 95,859.03 dollars, a decrease of 0.26 % in the past 24 hours, according to what it said. Data from Benzinga Pro.

Photo via Shutterstock

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