PANews reported on March 10 that according to Decrypt, Geoff Kendrick, global head of digital asset research at Standard Chartered, suggested that the US government could purchase Bitcoin in several budget-neutral ways when implementing President Trump’s latest executive order.

Kendrick elaborated on these strategies, noting that they would avoid "additional costs to U.S. taxpayers," something Trump had prohibited when he established a strategic Bitcoin reserve on Thursday. Kendrick wrote in a research note on Friday that the Trump administration could do so by "selling gold," tapping the U.S. Treasury's so-called Exchange Stabilization Fund (ERF), or by including a budget-neutral plan in the Bitcoin Act of 2024 proposed by Senator Cynthia Lummis.

According to the World Gold Council, the US government currently holds 8,133.46 tonnes of gold reserves, which is worth about $758 billion at current prices.