Standard Chartered analyst: US strategic Bitcoin reserves may achieve "budget neutrality" by selling gold
Geoff Kendrick, head of digital asset research at Standard Chartered Bank, proposed that the United States could purchase Bitcoin by selling part of its $760 billion gold reserves as a "budget-neutral" source of funds for a newly established Strategic Bitcoin Reserve (SBR). This proposal comes shortly after President Trump signed an executive order requiring the government to acquire Bitcoin without increasing the burden on American taxpayers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi: Investors should stay away from risky assets after Trump's tariff announcement
ARB falls below $0.3
US Passes STABLE Act to Regulate USD-Pegged Stablecoins
The US House Financial Services Committee passed the STABLE Act with a 32-17 vote after a 13-hour discussion led by Rep. French Hill.
Zoop and HBAR Foundation Team Up to Acquire TikTok from ByteDance
Trending news
MoreCrypto prices
More
