ChainCatcher news, according to CoinDesk, investment bank Bernstein has released a research report indicating that the U.S. cryptocurrency working group will focus on advancing the establishment of a national Bitcoin reserve. Analyst Gautam Chhugani's team believes that this initiative could trigger a global competition among sovereign nations to incorporate Bitcoin into their reserve assets.The report explores the key issues facing the establishment of the reserve: first is the determination of the purchasing entity, which would require legislative approval if executed by the Federal Reserve; second is the source of funding, which could be addressed through issuing bonds or selling part of the gold reserves. The report also mentions that the U.S. government could include approximately $20 billion worth of Bitcoin previously seized from criminal activities into the national reserve.It is noteworthy that the Trump administration had previously announced the establishment of a sovereign wealth fund (SWF), which would consider significant U.S. cryptocurrency companies as strategic investment targets. Bernstein advises investors to prepare for a new bull market in Bitcoin and related stocks.