Standard Chartered’dan, the US Strategic Bitcoin Reserve to fill the extraordinary suggestion!

Geoff Kendrick, Standard Chartered’s Digital Assets Research Manager, for financing the newly established US Strategic Bitcoin Reserve (SBR), selling some of the country’s gold assets Bitcoin He proposed an approach independent of the budget by obtaining.

Underlining that the US government is currently holding gold about 760 billion dollars, Kendrick said, “The next question is what can create independent strategies from the budget, and theoretically the following can be done: Sell gold and Bitcoin,” he said.

This development came after President Donald Trump’s final decree, which pointed to a historical change in the Federal government’s approach to digital assets by forming the Strategic Bitcoin Reserve and Digital Asset Stock. In accordance with the order, all future Bitcoin purchases for the reserve must comply with the budget -independent financing strategies in a way that does not bring additional burden to American taxpayers.

The directive also foresees that the entire Bitcoin, which is currently held by the US government, to the strategic Bitcoin reserve, such as none of them is sold.

Beyond the sale of gold, Kendrick set additional strategies to finance SBR without increasing government expenditures. One of the potential ways is the use of the stock market stability fund (ESF), which has a net asset of $ 39 billion. Kendrick said traditionally used to reuse ESF for Bitcoin purchases used to stabilize the financial markets.

Another possibility is the integration of the 2024 Bitcoin Act presented by Senator Cynthia Lummis into the funding framework. The legislation aims to allocate 200,000 BTCs annually for five years. Kendrick believes that if it is correctly structured, this law can be applied independently of the budget.

President Trump is expected to detail the strategic Bitcoin reserve at the White House Digital Assets Summit today, while Kendrick warned that emergency policy practices are not likely. Kendrick pointed out the role of the Treasury Minister Scott Bessent in formulating and executing a comprehensive purchasing strategy. “In fact, I cannot see that any of these three solutions are presented today,” he added and added: “Rather, given the importance given to Bessent in the decree, they will all require Treasury Minister Bessent to propose something.”

Kendrick also suggested that US states and institutional investors, including retirement funds, could follow the pioneer of the federal government to allocate Bitcoin.

Kendrick also said that the establishment of strategic Bitcoin reserves can lead other dominant countries to adopt similar strategies. “I have previously written about how the US strategic reserve of the United States could encourage other countries no matter how it appears,” Kendrick said. Abu Dhabi recently shown that Blackrock purchased the equivalent shares of 4,700 BTCs in Bitcoin Trust (IBIT). “Other states will definitely participate in the purchasing process,” he added.

*It is not an investment advice.