Bernstein: The United States will become a "Bitcoin Mining Superpower"

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"; - Gary Gensler, chairman of the U.S. Securities and Exchange Commission, often criticizes the industry; he may be replaced by a new chairman who is more "cryptocurrency-friendly"; - The United States will not create 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 enable cross-border payments; -The US won't sell its seized assets of approximately 213,246 bitcoins (equivalent to nearly $15 billion), but instead use them as the foundation for its "national strategic bitcoin reserve".