The U.S. government is reportedly exploring creating a national Bitcoin (BTC) reserve, which could set off a global race among sovereign nations to accumulate the leading cryptocurrency, according to a Bernstein research report published today. US Crypto Task Force to Focus on National Bitcoin Reserve: Bernstein Analysts led by Gautam Chhugani at Bernstein noted that the creation of a U.S. Bitcoin reserve raises critical structural questions, such as whether the Federal Reserve or the U.S. Treasury would be responsible for purchasing BTC. If the Federal Reserve were to make those purchases, legislative approval would be required. Bernstein outlined potential financing mechanisms for Bitcoin purchases: New debt issuance Selling some of the US gold reserves Using $20 billion worth of Bitcoin seized from criminal organizations Global Implications of US Bitcoin Reserve The report suggests that the creation of a U.S. Bitcoin reserve could trigger a global race among governments to accumulate BTC as part of their sovereign wealth holdings. “The creation of a U.S. Bitcoin reserve could spark a global race among governments to purchase Bitcoin as one of their reserve assets,” Bernstein analysts wrote. This development aligns with broader discussions regarding Bitcoin’s role in national reserves, particularly as an alternative to gold in an evolving monetary environment. Trump Administration’s Wealth Fund Plan In addition to the national Bitcoin reserve, the Trump administration recently announced plans to create a sovereign wealth fund (SWF) focused on major U.S. crypto companies and market leaders. Bernstein emphasized that such a fund could strategically invest in leading crypto firms and position the United States as a dominant player in the blockchain economy. “Investors should position themselves for the next leg of the bull market in Bitcoin and Bitcoin-related stocks,” Bernstein advised. *This is not investment advice. Continue Reading: The US Government Is Researching Creating a National Bitcoin (BTC) Reserve, According to Bernstein Analysts! Here Are the Details