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LINK $8.47 -2.43%
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Bernstein Analyst: The United States Will Lead the World in the Cryptocurrency Field

2024-07-29 21:43:56
Collection

ChainCatcher news, according to The Block, Bernstein analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia pointed out in a memo to clients on Monday:

  • The United States will lead the world in Bitcoin and cryptocurrency.
  • The United States will become a "Bitcoin mining superpower";
  • SEC Chairman Gary Gensler, who frequently criticizes the industry, may be replaced by a new "crypto-friendly" chairman;
  • The United States will not create a Central Bank Digital Currency (CBDC), ensuring clear self-custody rights and uncensored crypto transactions;
  • The United States will introduce a stablecoin framework to promote the digital dollar as a global standard and facilitate cross-border payments;
  • The United States will not sell its seized assets of approximately 213,246 Bitcoins (worth nearly $15 billion), but will use them as the basis for a "national strategic Bitcoin reserve."
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