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

Odaily News Bernstein analysts Gautam Chhugani, Mahika Sapra and Sanskar Chindalia noted 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 and is expected to increase the industrys power generation capacity. - Securities and Exchange Commission Chairman Gary Gensler, a frequent critic of the industry, will be fired on his first day and replaced by a crypto-friendly SEC chairman. - The United States will not create a central bank digital currency (CBDC), ensuring clear self-custody and non-censorship of crypto transactions. - The United States will launch a stablecoin framework to promote the digital dollar as a global standard and enable cross-border payments. - The United States will not sell its seized assets of approximately 213,246 bitcoins (equivalent to nearly $15 billion), but will use them as the basis for the countrys National Strategic Bitcoin Reserve for bitcoin holdings and acquisitions. (TheBlock)