Michael Saylor, the co-founder of MicroStrategy (a company that holds a massive amount of Bitcoin), has a radical idea: the US government should sell all its gold and buy Bitcoin instead. He believes this would dramatically shift global financial power back to the US.
Bitcoin: The New Global Reserve?
Saylor argues that Bitcoin is becoming the world’s primary reserve asset, surpassing traditional investments like real estate and stocks. He claims there’s no better long-term investment than Bitcoin.
Saylor’s Strategy: Dominate Bitcoin, Demonetize Gold
His plan involves the US acquiring a significant portion (20-25%) of all existing Bitcoin. This, he says, would trigger a domino effect. By simultaneously selling off all US gold reserves, the value of gold would plummet. Other countries, holding significant gold reserves, would be forced to shift their assets into Bitcoin, funneling money into the US economy through the Bitcoin network. Saylor envisions this as a way to make the US the dominant player in the global financial system.
The Potential Payoff: Billions in Bitcoin
Saylor believes the cost of acquiring millions of Bitcoins would be less than the value of the US gold reserves. This would not only boost the US’s financial standing but also effectively “demonetize” gold, leaving countries holding it with significantly diminished assets. He paints a picture of the US controlling both the world’s reserve currency and its reserve digital asset.
Disclaimer: This is just one person’s opinion. Investing in Bitcoin is risky, and you should do your own research before making any investment decisions.
/p>
