Top Analyst Claims US Government Plans to Sell $800B in Gold to Buy Bitcoin

A popular Indian crypto influencer claimed that the US government may sell billions worth of Gold to acquire Bitcoin, on behalf of a recent analysis by the Standard Chartered analyst.

Summary

Standard Chartered analyst claims the US government will sell $800 billion in gold to buy Bitcoin.

If the US government follows this speculation, Bitcoin’s price could surge by 50%.

As we know, recently, US President Donald Trump has already signed an executive order for the Bitcoin Strategic Reserve (BSR). But the key thing that raised eyebrows about BSR is the zero budget to acquire Bitcoin. BSR does not involve allocating new budgetary funds for Bitcoin acquisitions. Instead, the reserve will be primarily funded through Bitcoin seized in criminal and civil forfeiture proceedings.

On 10 March 2025, Kashif Raza, a popular Indian crypto influencer who has expertise in Indian laws, claimed that the US government may sell $800 billion worth of Gold reserves to acquire Bitcoin.

BREAKING: 🇺🇸The US may sell some of its gold (valued at $800B) to add Bitcoin to its reserves – Standard Chartered pic.twitter.com/OBg57jQXML

— Kashif Raza (@simplykashif) March 10, 2025

This is really a very big claim, as $800 billion worth of money inflow in the Bitcoin market will push the Bitcoin bull sentiments to the next level & also help to increase the trade price upto 50%.

Binance’s former CEO Changpeng Zhao (CZ) responded to this tweet and asked people to check whether this claim could be true or just part of speculation.

Someone check on ____, please. 😂

— CZ 🔶 BNB (@cz_binance) March 10, 2025

Standard Chartered on Bitcoin Strategic Reserve (BSR)

Actually, this speculation originates after an analysis by Standard Chartered.Geoff Kendrick, the bank’s global head of digital assets research, suggested that to fund the newly established Strategic Bitcoin Reserve without burdening taxpayers, the U.S. could consider selling portions of its substantial gold holdings. This proposal aligns with President Donald Trump’s executive order, which mandates budget-neutral strategies for acquiring Bitcoin.

US Govt could sell some of its $800B gold to buy Bitcoin for its Strategic Reserve – Standard Chartered pic.twitter.com/0pfEnN1Cad

— Bitcoin Archive (@BTC_Archive) March 9, 2025

Kendrick backed his claim with a reference to legislative frameworks like Senator Cynthia Lummis’s BITCOIN Act of 2024.Here, the Bitcoinik.com readers need to know that the original document where the analysis shared by Standard Chartered analyst isn’t available online but discussed in various financial media outlets.

Loss for Trump’s WLFI With Price Downfall in the Market

After Friday’s White House Crypto Summit, the crypto market faced a significant downfall. Many investors called the crypto summit crypto sell news, as no big crypto-related events are coming soon.Following the White House Crypto Summit, the trade price of Bitcoin crashed by nearly 7%, from $90k to $83k.

The current trade price of #Bitcoin ( $BTC) $83,201 pic.twitter.com/Ll5Gf7PXyn

— Bitcoinik (@Bitcoinikdotcom) March 10, 2025

The current trade price of Ethereum ($ETH), the second top-ranked Cryptocurrency, is $2,123. This price level of the $ETH coin is 9.87% down over the last 7-day period.

The current trade price of #Ethereum coin $2,124 pic.twitter.com/XunXteWRwK

— Bitcoinik (@Bitcoinikdotcom) March 10, 2025

Because of the price downfall in the crypto market, the portfolio of Donald Trump’s WLFI has reached $110 million. The 9 digital assets acquired with its $336 million funds are now worth nearly $226 million. ETH trade price crashed nearly 65% from the buy price.

The total loss of the Trump family project WLFI’s current portfolio has reached $110 million. The 9 cryptocurrencies purchased with its $336 million funds are now worth about $226 million. ETH accounts for 65% and is also the asset with the largest loss. The average purchase cost…

— Wu Blockchain (@WuBlockchain) March 10, 2025

Read also: World-Famous Bitcoin Critic Peter Schiff Has Become a Bitcoiner Officially!

Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.