A Standard Chartered analyst said that while implementing President Donald Trump's most recent executive order, the U.S. government may buy Bitcoin using multiple budget-neutral approaches.
According to a report by decrypt, Geoff Kendrick, who is the global director of digital assets research at the UK bank, the policies would steer clear of "incremental costs on United States taxpayers," forbidden under Trump's creation of a strategic Bitcoin reserve on Thursday.
The U.S. government could buy Bitcoin via "several budget-neutral means," including selling some of its gold reserves or tapping into the Treasury's ERF, which has $39 billion in net assets, as Kendrick wrote in a Friday research note.
Impact of 'gold card' on global finance
First presenting the idea of the "Gold Card" on February 25, 2025, President Donald Trump proposed a new immigration program providing U.S. residence and a road to citizenship for a $5 million investment.
Targeting wealthy people to enhance economic development, this project seeks to replace the current EB-5 visa program.
Experts are now sharing their thoughts about it.
Adding to the discussion, crypto industry experts like David Bailey, the CEO of Bitcoin Magazine, recommend that the U.S. also use Bitcoin for its immigration policy, suggesting that "President Trump should accept Bitcoin paid into the SBR in exchange for the "Gold Card. "
The Gold Card is a measure that would potentially help net-worth billionaires avoid capital restrictions in more and more developing countries.
"Many elites in emerging markets want to live in the U.S. but struggle to move $5M in USD out of their home countries. Bitcoin offers a simpler, safer, and more discreet solution." Bailey wrote in a recent post on social media.
Drawing on a recent Deutsche Bank report, Matthew Sigel, head of digital assets research at VanEck U.S., also chimed in, saying the economic and geopolitical advantages of a Bitcoin reserve asset for the U.S., noting that Bitcoin could help cement American dominance in digital finance.
Launching the U.S. Strategic Bitcoin Reserve to reconstruct the financial markets as such steps would reflect U.S. confidence in Bitcoin as a hedge against inflation and dollar devaluation.