Big Bull Michael Saylor Announces New Proposal for U.S. Purchase of Bitcoin
MicroStrategy founder Michael Saylor recently offered an intriguing suggestion regarding US Bitcoin holdings.
MicroStrategy co-founder and Bitcoin advocate Michael Saylor has suggested that the United States should acquire 20% of the global Bitcoin supply by selling its gold reserves and using the proceeds to purchase BTC.
In a recent discussion, Saylor argued that Bitcoin is a form of capital rather than a currency, comparing it to the historical role of gold. He suggested that the U.S. government could simply swap (liquidate gold holdings for Bitcoin) to gain a dominant stake in the digital asset.
“The US should sell its gold and buy Bitcoin with it, buy 20% of the BTC network,” Saylor said. “If anyone trades their Treasury bonds for Bitcoin, then the US will have it all. It’s like getting Alaska for free or the Louisiana Purchase.”
Saylor also claimed that Bitcoin is the only viable alternative to Treasury bonds, suggesting that the US government could even print money to finance the purchase. He envisions Bitcoin becoming the “World Reserve Capital Network” and the US gaining control over both traditional financial assets and digital capital.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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