Michael Saylor suggests that the United States should replace gold with Bitcoin

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Saylor recommends that the United States replace gold with Bitcoin in its reserves in order to enhance its global financial influence.

Michael Saylor suggests that the United States supplant gold with Bitcoin in its reserves, arguing that this would boost the country’s global financial dominance. He anticipates that Bitcoin’s value could surpass $100 trillion under this approach. Saylor’s concepts have been endorsed by leaders such as Cathie Wood, and there is an increasing interest in cryptocurrency reserves in the United States.

Michael Saylor has reignited the discourse regarding Bitcoin’s status as a strategic reserve asset. According to Saylor, the United States should supplant gold with Bitcoin in its reserves, as this would improve the country’s overall control of the global capital network during an interview.

Bitcoin is believed by the Chief Executive Officer of MicroStrategy to have the potential to bolster the United States’ global financial dominance. He recommends that the United States government acquire 20-25% of the total Bitcoin supply. Saylor anticipates that this action could result in a decrease in the value of gold, which would compel countries such as China and Russia to sell their gold and assets in order to purchase Bitcoin. Ultimately, this would drive capital back to the United States.

Michael Saylor anticipates that Bitcoin’s value could surpass $100 trillion if the United States implements his approach. Bitcoin’s current market capitalization of under $2 trillion is in stark contrast to this daring claim, which is improbable. Saylor regards Bitcoin as a superior reserve of value in comparison to gold, despite his skepticism. He even suggests that the United States sell its entire gold reserve in order to purchase Bitcoin, thereby establishing itself as the “World Reserve Capital Network.”

Cathie Wood, CEO of ARK Investment, has agreed with Saylor’s perspective, asserting that Bitcoin’s prospects are more promising than those of gold and may surpass its $17.6 trillion market capitalization. Additionally, Federal Reserve Chair Jerome Powell has referred to Bitcoin as “virtual wealth.”

MicroStrategy has become the largest corporate holder of Bitcoin, with a total of over 402,000 BTC, under Saylor’s stewardship. With the holdings now valued at over $40 billion, this strategy has proven to be profitable, indicating substantial unrealized profits.

Saylor’s proposal for a national Bitcoin reserve is audacious and consistent with the increasing discourse regarding cryptocurrency reserves in the United States. In the same vein, the prospective Trump administration has proposed the establishment of a crypto advisory council to investigate Bitcoin as a strategic reserve asset.

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