The post Michael Saylor Says The United States Should Buy Bitcoin And Sell Gold appeared on BitcoinEthereumNews.com.

MicroStrategy’s executive chairman, Michael Saylor, has proposed a strategy for U.S. economic dominance: sell America’s gold reserves and invest in Bitcoin. In a recent Yahoo Finance interview, Saylor suggested the U.S. government could acquire approximately 5 million Bitcoin by liquidating its gold holdings, potentially controlling the world’s “reserve capital network.” The proposal comes as Bitcoin solidifies its position as the seventh-largest asset globally by market capitalization. With Saylor’s own MicroStrategy holdings showing substantial gains of 70.72%. His vision positions Bitcoin not just as a digital currency but as a strategic national asset that could reshape global economic power dynamics. Saylor Asks US to Sell Gold and Buy Bitcoin During the conversation, Saylor outlined an ambitious proposal for U.S. monetary policy. Saylor argues this strategic move would simultaneously achieve multiple objectives. It would establish U.S. dominance over the “world’s reserve capital network” while potentially devaluing assets held by geopolitical competitors. – Advertisement – Source: X Saylor proposed, “Buy 20 or 25 percent of the Bitcoin network on behalf of the U.S. government.” He suggested this would, “catalyze the development of that world reserve capital network.” He emphasized that selling U.S. gold reserves could finance this acquisition essentially “for free,” while strategically impacting nations holding significant gold reserves. The MicroStrategy executive’s proposal extends beyond simple asset reallocation. He suggests that such a move could potentially drive Bitcoin’s value to “100 trillion dollars.” At the same time, it could give the United States control over both the world’s reserve capital network and currency network. Saylor Says Bitcoin is the Next Wave According to market capitalization data presented by Saylor in another tweet, Bitcoin has emerged as the seventh-largest asset globally with a $1.935 trillion valuation. This positions BTC among tech giants and traditional assets. The cryptocurrency ranks behind only gold ($18.253T), NVIDIA ($3.476T),…

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Filed under: News - @ December 8, 2024 1:25 pm