MICHAEL SAYLOR SAYS THE UNITED STATES SHOULD SELL THEIR GOLD AND BUY BITCOIN
Michael Saylor, the founder and executive chairman of MicroStrategy, is making waves with his bold proposal: the United States should sell its gold reserves and invest in Bitcoin instead. He believes this strategic move would not only strengthen the US dollar's global status but also give the country control over the world's "reserve capital network".
Saylor suggests that the US government should acquire 20-25% of Bitcoin's current circulating supply, which would be approximately 5 million Bitcoins.
He claims this would catalyze the development of a global reserve capital network, with Bitcoin at its core.
According to Saylor, selling the US gold reserves would finance this acquisition, essentially making it a cost-free transaction. He also predicts that Bitcoin's market capitalization could reach a staggering $100 trillion if the US adopts this strategy.
MicroStrategy, under Saylor's leadership, has been a pioneer in corporate Bitcoin investments.
The company currently holds over 402,100 Bitcoins, valued at approximately $40.09 billion.
Saylor's vision for Bitcoin's potential to reshape global economic power dynamics is undoubtedly intriguing, but it remains to be seen whether the US government will take his advice.