MicroStrategy co-founder Michael Saylor is advocating for a bold new strategy for the United States to solidify its global financial dominance – offloading all of its gold reserves and accumulating Bitcoin (BTC) instead. In a recent interview on Yahoo! Finance, Saylor emphasized that Bitcoin is rapidly emerging as the “world’s reserve capital network.”
Saylor, whose company boasts the largest corporate holding of Bitcoin in the world, believes that Bitcoin surpasses traditional assets like real estate and stocks in terms of long-term value. He suggests that the US should aim to control a significant portion of the Bitcoin network, potentially up to a quarter, in order to drive the price of gold down by divesting all of its gold holdings.
By “demonetizing” gold, Saylor proposes that other countries will be compelled to acquire Bitcoin, leading to a flow of money into the United States through the BTC network. This strategic move, according to Saylor, would tilt the global financial playing field back in favor of the US.
Saylor envisions a scenario where the US government acquires a substantial stake in the Bitcoin network, catalyzing the development of a world reserve capital network. This would prompt foreign entities, including China and Russia, to liquidate their other assets and invest in Bitcoin. Saylor suggests that the US should sell all of its gold reserves and use the proceeds to buy Bitcoin, effectively demonetizing the gold asset class.
In Saylor’s vision, this move would result in the US controlling the world’s reserve capital network and the world’s reserve currency network. By transitioning from gold to Bitcoin, the US could potentially see its assets grow to a staggering hundred trillion dollars while weakening the financial standing of its adversaries who hold significant gold reserves.
The proposition put forth by Michael Saylor represents a radical shift in conventional financial strategies, emphasizing the increasing importance of Bitcoin in the global financial landscape. As the world continues to evolve towards digital assets, Saylor’s innovative approach could potentially position the US at the forefront of the emerging digital economy.
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