"US Virtual Asset TF to Focus on Building Bitcoin Reserves... Need to Prepare for Next Bull Market"

Analysis suggests that the US Virtual Asset (Cryptocurrency) Task Force (TF) will focus on building Bitcoin (BTC) strategic reserves.

According to CoinDesk on the 16th (local time), Bernstein stated in a report that "The US Virtual Asset TF will focus on making Bitcoin a strategic reserve asset," adding that "similar movements are likely to occur globally." They further noted that "US Bitcoin stockpiling could trigger competition among sovereign nations for Bitcoin acquisition."

The report explained that "The Federal Reserve could issue debt or sell some of its gold holdings to purchase Bitcoin," and "there's a possibility that the US government could convert $20 billion worth of Bitcoin confiscated from criminal organizations into reserve assets."

The sovereign wealth fund under the Trump administration was also mentioned. Previously, on the 4th, US President Donald Trump signed an executive order to establish a sovereign wealth fund.

Bernstein emphasized that "Trump's sovereign wealth fund could consider major virtual asset companies and market leaders within the US as strategic assets," and "investors should prepare for the next bull market led by Bitcoin and Bitcoin-related stocks."