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Bernstein: The U.S. will become a “Bitcoin mining superpower”

Bernstein: The U.S. will become a “Bitcoin mining superpower”

CointimeCointime2024/07/29 14:13
By:Cointime

Bernstein analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia pointed out in a memo to clients on Monday that:-The United States will lead the world in the field of Bitcoin and cryptocurrencies.-The United States will become a "Bitcoin mining superpower";-Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, often criticizes the industry, and he may be replaced by a "crypto-friendly" new chairman;-The United States will not create a central bank digital currency (CBDC), ensuring clear self-custody rights and uncensored encrypted transactions;-The United States will launch a stablecoin framework, promoting the digital dollar as a global standard and enabling cross-border payments;-The United States will not sell its seized assets of about 213,246 bitcoins (equivalent to nearly $15 billion) but will use them as the basis for a "national strategic bitcoin reserve."

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