Michael Saylor: It is recommended that the United States sell its gold reserves to buy at least 20% to 25% of the circulating Bitcoin
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Odaily Planet Daily Report: MicroStrategy founder and chairman Michael Saylor participated in a strategic Bitcoin reserve discussion and shared the key reasons why the US needs to abandon gold and embrace digital currencies in a recent interview. In this 1-minute video, Saylor stated that BTC can help the US government control its position as the world's reserve and capital network. He implied that his own suggestion is for the US government to purchase at least 20% to 25% of the circulating BTC. Saylor said the US can sell all of its gold reserves to buy BTC. If this is achieved, this move will make the US the World Reserve Capital Network. He believes that if the US government takes this action, the value of gold will plummet, and it will prompt other economies to sell their assets to buy BTC. After the demonization of gold, capital will flow back to the US, and the value of the BTC reserve may then soar to around $100 trillion.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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