US Crypto Task Force to Establish National Bitcoin Reserve, Sparking Global Competition
The United States is moving towards creating a national Bitcoin (BTC) reserve, a development that could trigger a global race among sovereign nations to acquire bitcoin as a strategic reserve asset, according to a research report by brokerage firm Bernstein.
In the report released on Monday, analysts led by Gautam Chhugani highlighted that the establishment of a U.S. bitcoin reserve raises several structural and policy questions. One of the key uncertainties is whether the Federal Reserve or the U.S. Treasury will oversee bitcoin acquisitions. If the Fed were to take on this role, legislative approval would likely be required, the report noted.
Another critical consideration is how such purchases would be funded. Bernstein suggested that the Fed could issue debt or even liquidate a portion of its gold reserves to finance bitcoin acquisitions. Additionally, the U.S. government could incorporate approximately $20 billion worth of bitcoin that it has seized from criminal enterprises into the national reserve, further strengthening its position in the crypto market.
The report also pointed to the Trump administration’s recent announcement of a sovereign wealth fund (SWF). This fund could strategically invest in key U.S.-based crypto companies and market leaders, recognizing them as critical assets for national interest.
Bernstein emphasized that these developments could drive the next phase of bitcoin’s bull market, urging investors to position themselves accordingly in both bitcoin and bitcoin-linked equities.
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