“The Federal Reserve Could Issue Debt or Sell Some of Its Gold Reserves to Fund Purchases of BTC, The Report Said.”, – WRITE: www.coindesk.com
“A creation of a US Bitcoin Reserve Could Lead to A Global Race Amongst Sovereigns to Buy Bitcoin as One of the Reserve Assets,” Analysts Led by Gautam Chhugani Wrote.
The Formation of A Strategic Reserve Poses a Number of Structural Questions, The Report SAID.
Will The US Federal Reserve or The Treasury Buy Bitcoin? If the fed, that would require legislative Approval, The Report Noted.
How would the Fed Fed Fund Cryptocurrency Purchases? BersTein Said Could Issue Debt or Sell Some of Its Gold Reserves.
The US GOVERNMENT COURKLD ADD The $ 20 Billion in Bitcoin Itaized From Criminal Enterprises to Any National Reserve, The Report Added.
The Broker Noted that Trump Administration Also AnnounCed the Creation of a Sovereign Wealth Fund (SWF).
Such A Fund “Wound Consider Key US Crypto Companies/Market Leaders, As Strategic Assets to Own,” Bernstein Said. “Investors Should Position Themselves for the Next Leg of the Bull Market Across Bitcoin and Bitcoin Linked Equities.”
Read More: Crypto Ecosystem Growth Slowed in January Even as Total Market Cap Rose, JPMorgan Says
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