Standard Chartered’s digital asset research head, Geoff Kendrick, has proposed a strategy to fund the US Strategic Bitcoin Reserve without increasing the national budget. He suggests that one effective way is to sell a portion of the US gold reserves, currently valued at around $760 billion, to purchase Bitcoin.
This idea could serve as a strategy that does not burden the national budget, as stated by Kendrick, quoted from Coinmarketcap on Monday (10/3/2025). his proposal emerged after President Donald Trump issued an executive order establishing the SBR and Digital Asset Reserve. The order stipulates that any Bitcoin purchases for reserves should not add financial burden to taxpayers, and all government-held Bitcoin must be stored in the SBR without the option to sell it.
In addition to selling gold, Kendrick also suggests several other options for funding the SBR. One of them is utilizing the Exchange Stabilization Fund (ESF), a fund typically used to stabilize financial markets and has assets worth $39 billion. Kendrick believes that the ESF could be used to buy Bitcoin without adding to the national budget burden. Another alternative is to adopt the Bitcoin Act of 2024 proposed by Senator Cynthia Lummis. This bill aims to allocate 200,000 BTC annually for five years, which according to Kendrick, can be managed well without disrupting the country’s finances.
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