The U.S. has unveiled plans to finance its new Strategic Bitcoin Reserve by offloading some of its gold holdings. Geoff Kendrick of Standard Chartered suggests this move as a budget-neutral way to bolster the nation’s cryptocurrency assets. According to Kendrick the government possesses gold worth approximately $760 billion which could be leveraged to acquire bitcoin.

President Donald Trump recently signed an executive order to establish the Strategic Bitcoin Reserve ensuring future acquisitions align with budget-neutral strategies. This directive comes ahead of Trump’s expected discussion at the upcoming White House Digital Assets Summit which aims to shape future crypto policy without imposing additional costs on taxpayers.

Further expanding on budget-neutral methods Kendrick mentioned using the Exchange Stabilization Fund and a proposed Bitcoin Act 2024 by Senator Cynthia Lummis as potential strategies. These plans underline a significant policy shift towards integrating digital assets into the national strategic reserves reflecting a robust commitment to supporting the cryptocurrency sector.