Standard Chartered proposes to fund US strategic Bitcoin reserve
Geoff Kendrick, who leads digital assets research at Standard Chartered, has suggested a way to finance the new U.S. Strategic Bitcoin Reserve (SBR) without increasing the budget. He proposes selling some of the U.S. gold reserves, which are worth about $760 billion, to buy Bitcoin. Kendrick believes this could be a budget-independent strategy. This idea follows President Donald Trump’s executive order that created the SBR and a Digital Asset Stockpile.