Geoff Kendrick, global head of digital asset research at Standard Chartered, said the US government could buy bitcoin through budget-neutral means such as selling gold or using the Treasury's exchange rate stabilization fund. In Friday's report, Kendrick noted that the move would avoid increasing the burden on taxpayers and could be included in the bitcoin bill proposed by Senator Cynthia Lummis. At present, the United States holds 8,133.46 tons of gold, worth about 758 billion dollars. The exchange rate stabilization fund has a net asset of 39 billion dollars, which is usually used for foreign exchange market intervention. If used to buy bitcoin, Kendrick said it would be a major change in policy direction.