Main to remember
- Michael Saylor suggests that Bitcoin should be the main asset in a potential American strategic reserve.
- The US government has around 200,000 bitcoins worth around $ 17 billion.
Share this article
Michael Saylor said that Bitcoin is the fundamental asset of cryptographic economy and that its decentralized nature qualifies it uniquely as an American reserve asset.
“Bitcoin is universally agreed with fundamental assets in the entire economy of cryptography because it is the active ingredient. It’s neutral, “said Saylor, speaking on Wednesday on” The Claman Countdown “of Fox Business Network.” 99% of energy and capital stole in it. “
According to Saylor, whose company has almost 2.4% of the total Bitcoin supply, Bitcoin serves as a secure savings vehicle for individuals, businesses and governments. He described it as a “property in cyberspace”, a class of active ingredients without transmitter which allows a preservation of long -term wealth.
“So, if you consider Bitcoin as cyberspace, then the logic behind a Bitcoin strategic reserve is not as long as you store Bitcoin. It’s really that you take control of the flag planting in cyberspace because the digital economy will be capitalized on Bitcoin, “said Saylor.
Saylor suggested that Bitcoin represents a new type of property – digital land – that the United States must secure before foreign competitors do it. He warned that not acting now could allow other nations to dominate the digital financial space.
“If you get there first … In front of foreigners, before Europeans, Africans, South Americans, Russians and Chinese, the United States can ower and benefit from it,” said Saylor.
According to David Bailey, who will join Saylor and other industry leaders at the next White House cryptography summit, China is actively working on a Bitcoin strategic reserve, although the details have never been published.
Tackling the concerns that the adoption of the government contradicts the original vision of bitcoin as an independent and non-governmental active, Saylor said that the Bitcoin protocol was designed for universal adoption, the empowerment of individuals, businesses and even nation states.
He believes that any country looking for economic stability and financial sovereignty will eventually turn to Bitcoin as a strategic asset.
Should the reserve contain other cryptographic assets?
While Saylor recognizes the role of stablecoins and tokenized titles on the financial markets, he insists that Bitcoin alone qualifies as a reserve asset. He thinks that other digital assets fulfill different functions within the digital economy.
“Their role is the creation of capital for small and medium-sized enterprises that are blocked in the capital markets at the moment,” he said. “I think it is wise to capitalize on a country or a business on a commodity, an active ingredient, something like a property … Bitcoin is a commodity,” said Saylor.
Asked about Ripple’s XRP, Saylor said it was a digital token, an asset with transmitters that provide a digital utility that is very “interesting and convincing”.
Saylor said the decree would decide whether other cryptographic assets could be included in a sovereign fund.
“I think that the consensus emerges in the industry is that Bitcoin should be the element of a long -term strategic reserve for the country,” said Saylor, when asked if assets like Solana, Cardano or Ripple should be included in the American cryptography reserve.
If she had the possibility of advising decision -makers, Saylor said that her recommendation would be to establish a regulatory clarity concerning digital assets. He underlined the need to differentiate digital products such as bitcoin, digital currencies and digital titles.
According to Saylor, once a clear framework has been established, he pleads for the transparent and deliberate acquisition of Bitcoin to strengthen the country’s financial force.
Saylor’s position reflected that of cryptographic leaders, notably Tyler and Cameron Winklevoss and Brian Armstrong, on the fundamental role of Bitcoin.
Winklevoss warned that Bitcoin storage delay could cause higher costs, higher geopolitical influence and loss of financial sovereignty.
The CEO of Coinbase, without directly opposing the idea of the reserves based on Altcoin, believes that Bitcoin is the most reliable option for a reserve of long -term digital assets because of its value reserve status.
Share this article
