CoinShares: Adoption of Bitcoin Act Could Lead to Significant Interest in Cryptocurrency

According to a research blog by asset manager CoinShares, the adoption of the Bitcoin Act would greatly benefit the cryptocurrency industry. The bill would give bitcoin a reserve status similar to that of gold, leading to increased governmental and institutional interest in the asset. CoinShares believes that the Trump administration's stance on cryptocurrencies is positive, making the adoption of the Bitcoin Act a highly anticipated development.