The post Could Bitcoin Drive America’s Wealth to $81 Trillion? Michael Saylor Says Yes! appeared on BitcoinEthereumNews.com.

Michael Saylor favors establishing a strategic Bitcoin reserve in the US. With the likelihood of generating up to $81 trillion in revenue, states are beginning to champion similar moves. MicroStrategy’s co-founder and Chairman Michael Saylor recently proposed that the US establish a strategic Bitcoin reserve. Saylor thinks the Bitcoin reserve strategy could potentially create $81 trillion in wealth for the US Treasury. He argues that the move could secure the US’ position as a leader in the global digital economy. Saylor’s Vision for BTC as a National Reserve Saylor opined in his proposal that the US Treasury could use the wealth generated from adopting the Bitcoin strategic reserve to offset national debt. He added that the move could strengthen the U.S. dollar and boost economic growth by unlocking trillions of dollars in value. A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. https://t.co/7n7jQqPkf1 — Michael Saylor⚡️ (@saylor) December 20, 2024 According to Saylor, BTC has become valuable because of its scarcity and increasing global adoption. He predicted the global digital capital market would rise from $2 trillion to $280 trillion. He foresees US investors capturing a large chunk of this wealth. Saylor believes a Bitcoin reserve could generate between $16 trillion and $81 trillion for the U.S. Treasury. He argues that implementing the Bitcoin reserve strategy policy could push BTC to $500,000. The MicroStrategy Chairman sees this move as a major opportunity for retail investors and institutions. Although Saylor’s proposal received much support, it has also faced strong criticism. Economist and Bitcoin critic Peter Schiff argues the proposal would have the opposite effect of Saylor’s claims.  “It would weaken the dollar, exacerbate the…

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Filed under: News - @ December 23, 2024 3:25 am