Standard Chartered: The U.S. may sell part of its gold reserves to buy Bitcoin

ChainCatcher news, Standard Chartered analyst Geoff Kendrick stated that the U.S. may sell part of its gold reserves in a budget-neutral manner to fund strategic Bitcoin reserves for purchasing Bitcoin. Geoff Kendrick added that one option is to utilize the Exchange Stabilization Fund (ESF), which holds $39 billion in net assets. He also suggested encouraging U.S. states and institutional investors (including long-term pension funds) to allocate to Bitcoin under the leadership of the federal government.