A research report by broker Bernstein suggests that the creation of a U.S. national bitcoin reserve could lead to a global race among countries to buy bitcoin as a reserve asset. The report raises questions about whether the U.S. Federal Reserve or the Treasury would buy the bitcoin and how they would fund the purchases. The report also mentions that the U.S. government could add the $20 billion it has seized from criminal enterprises to the national reserve. Additionally, the Trump administration's announcement of a sovereign wealth fund (SWF) suggests that key U.S. crypto companies may be considered strategic assets. Bernstein advises investors to position themselves for the next leg of the bull market in bitcoin and bitcoin-linked equities.



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