Milad on Nostr: Michael Saylor's Controversial Proposal to the U.S. Government: Sell Gold, Buy ...
Michael Saylor's Controversial Proposal to the U.S. Government: Sell Gold, Buy Bitcoin!
Michael Saylor, the founder and chairman of MicroStrategy, made a bold suggestion in a controversial interview, urging the U.S. government to sell all its gold reserves to purchase 20-25% of the circulating Bitcoin supply. Emphasizing that this move could solidify the U.S.'s position as the hub of the global reserve network, Saylor argued that such a decision would cause a decline in gold prices and encourage other economies to sell their assets in favor of Bitcoin. He predicted that as gold is gradually phased out of the economic cycle, capital would flow into the U.S., potentially driving the value of the nation's Bitcoin reserves to around $100 trillion.
Michael Saylor, the founder and chairman of MicroStrategy, made a bold suggestion in a controversial interview, urging the U.S. government to sell all its gold reserves to purchase 20-25% of the circulating Bitcoin supply. Emphasizing that this move could solidify the U.S.'s position as the hub of the global reserve network, Saylor argued that such a decision would cause a decline in gold prices and encourage other economies to sell their assets in favor of Bitcoin. He predicted that as gold is gradually phased out of the economic cycle, capital would flow into the U.S., potentially driving the value of the nation's Bitcoin reserves to around $100 trillion.