{"id":13443,"date":"2025-02-17T09:47:02","date_gmt":"2025-02-17T09:47:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13443"},"modified":"2025-02-17T09:47:02","modified_gmt":"2025-02-17T09:47:02","slug":"u-s-crypto-task-force-to-focus-on-delivering-national-bitcoin-reserve-bernstein","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13443","title":{"rendered":"U.S. Crypto Task Force to Focus on Delivering National Bitcoin Reserve: Bernstein"},"content":{"rendered":"<div>\n<p>The U.S. <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/01\/21\/sec-forms-new-crypto-task-force-spearheaded-by-hester-peirce\" target=\"_blank\">crypto task force<\/a> will focus on starting up a national <a href=\"https:\/\/www.coindesk.com\/opinion\/2024\/12\/30\/why-a-u-s-bitcoin-strategic-reserve-is-vital-to-fending-off-china\" target=\"_blank\">bitcoin (BTC) reserve<\/a>, a move that is likely to spur similar efforts worldwide, broker Bernstein said in a research report Monday.<\/p>\n<p>&#8220;A creation of a U.S. bitcoin reserve could lead to a global race amongst sovereigns to buy bitcoin as one of the reserve assets,&#8221; analysts led by Gautam Chhugani wrote.<\/p>\n<p>The formation of a strategic reserve poses a number of structural questions, the report said.<\/p>\n<p>Will the U.S. Federal Reserve or the Treasury buy bitcoin? If the Fed, that would require legislative approval, the report noted. <\/p>\n<p>How would the Fed fund cryptocurrency purchases? Bernstein said it could issue debt or sell some of its gold reserves.<\/p>\n<p>The U.S. government could add the $20 billion in bitcoin it has seized from criminal enterprises to any national reserve, the report added.<\/p>\n<p>The broker noted that the Trump administration also announced the <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/02\/03\/trump-orders-creation-of-sovereign-wealth-fund\" target=\"_blank\">creation of a sovereign wealth fund<\/a> (SWF). <\/p>\n<p>Such a fund &#8220;would consider key U.S. crypto companies\/market leaders, as strategic assets to own,&#8221; Bernstein said. &#8220;Investors should position themselves for the next leg of the bull market across bitcoin and bitcoin linked equities.&#8221;<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/11\/crypto-ecosystem-growth-slowed-in-january-even-as-total-market-cap-rose-jpmorgan-says\" target=\"_blank\">Crypto Ecosystem Growth Slowed in January Even as Total Market Cap Rose, JPMorgan Says<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. crypto task force will focus on starting up a national bitcoin (BTC) reserve, a move that is likely to spur similar efforts worldwide, broker Bernstein said in a research report Monday. &#8220;A creation of a U.S. bitcoin reserve could lead to a global race amongst sovereigns to buy bitcoin as one of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13443","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13443"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13443\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}