Fed to Sell Gold for Bitcoin? Bernstein’s Bold Predictions for Crypto Funding
In a recent research note, broker Bernstein stressed that the U.S. cryptocurrency task force will focus on launching national Bitcoin protected areas, a move that could trigger similar global moves. It is worth noting that the report highlights several key issues regarding the creation of strategic reserves.
According to analysts led by Gautam Chhugani, the next phase of the Bitcoin bull market will be driven by several positive catalysts. Asset managers have advised investors to position themselves as the next stage of a bull market in the next stage of a stock connected to Bitcoin.
For you to sell gold to fund BTC purchases?
The report raises key questions about whether the U.S. Federal Reserve or Treasury Department is responsible for the task of buying Bitcoin. If the Federal Reserve is involved, the approval of the legislator is required. It also explores how the Fed can fund such a move, with Bernstein suggesting the Fed can issue debt or sell some of its gold reserves to fund cryptocurrency purchases.
Additionally, the report shows that the U.S. government can include $20 billion in Bitcoin reserves from criminal enterprises to any country.
Recently, the Trump administration also revealed plans to establish a Sovereign Wealth Fund (SWF), which Bernstein noted would view important U.S. cryptocurrency companies and market leaders as strategic assets worth investing in.
Key Catalysts
Additionally, analysts highlighted the recent 13F file as a key catalyst for the next Bitcoin bull run. Abu Dhabi sovereign wealth fund Mubadala invested $437 million in spot Bitcoin ETFs, while the companies of Goldman Sachs, Barclays and Paul Tudor Jones They also increased their Bitcoin holdings.
Bernstein also highlighted the strategy’s $742 million purchase, strong ETF inflows and the SEC’s repeal of SAB 121, allowing banks to be the main driver of cryptocurrencies.
Bitcoin reserve competition heats up!
The race for Bitcoin reserves in the United States is heating up, with 21 states now proposing to invest in bills for public funds in BTC. States such as Arizona, Texas, Illinois and Utah are already taking steps to increase Bitcoin in their treasury. according to VaneckIf these bills pass, it could drive $23 billion to BTC.
