The US Crypto Task Force will focus on starting a national Bitcoin (BTC) reserve, a step that is likely to spur similar efforts around the world, broker Bernstein said in a research report on Monday.

“An American Bitcoin reserve creation can lead to a global race among sovereign to buy Bitcoin as one of the reserves,” wrote analysts led by Gautam Chhugani.

The formation of a strategic reserve is a number of structural questions, the report says.

Will the American Federal Reserve or Treasury buy Bitcoin? If bold, it would require regulatory approval, the report noted.

How would bold find cryptocurrency buy? Bernstein said it could issue debt or sell some of his gold reserves.

The US government could add the $ 20 billion in Bitcoin it has seized from criminal companies to any national reserve, the report added.

The broker noted that the Trump administration also advertised the creation of a SOVERIGN WEALTH FEAD (SWF).

Such a fund “would consider the most important US cryptic companies/market leaders as strategic assets to own,” Bernstein said. “Investors should place themselves for the next part of the bull market across Bitcoin and Bitcoin linked shares.”

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