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Home»Security»MicroStrategy’s Michael Saylor advocates for a strategic Bitcoin reserve in the United States
Security

MicroStrategy’s Michael Saylor advocates for a strategic Bitcoin reserve in the United States

December 17, 2024No Comments
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MicroStrategy co-founder and Executive Chairman Michael Saylor continues to be a strong advocate for Bitcoin, this time expressing support for former President Donald Trump’s idea to create a strategic Bitcoin reserve for the United States. United. The veteran entrepreneur drew parallels between this proposal and historic U.S. acquisitions like the Louisiana Purchase, highlighting the transformative financial opportunities such a move could bring.

Saylor was quick to point out the significant value that Bitcoin could potentially bring to the US economy. He mentioned proposals like that of Senator Cynthia Lummis, who suggested acquiring a million Bitcoins. According to Saylor, such a plan could inject about $16 trillion into the U.S. economy. He further highlighted Robert F. Kennedy Jr.’s plan to acquire 4 million Bitcoins, which could potentially generate a value of up to $56 trillion. Saylor suggested that Trump’s ambitions could go even further, potentially generating as much as $81 trillion, an amount that more than doubles the current US national debt of $36 trillion. of dollars.

“All capital outside of the United States and outdated investments from the 20th century are moving to digital assets like Bitcoin,” Saylor said, arguing that the United States should seize this opportunity to “own the future “. “The logical decision for the United States is to guarantee Bitcoin now.”

Saylor further proposed a gradual accumulation strategy for Bitcoin, similar to Manhattan’s gradual acquisition over several decades. He suggested that the United States could potentially acquire 20-25% of the Bitcoin network by reallocating its gold reserves or taking on a small amount of debt. Given his prediction that the value of the Bitcoin network could increase 100-fold, he expressed a sense of urgency to act before its exponential growth.

But for this to succeed, Saylor stressed the importance of establishing a solid framework for digital assets. It highlighted the need for clear definitions of digital products, currencies, securities and tokens, and clarified the rights and responsibilities of issuers, exchanges and owners. He posited: “The opportunity for the United States is to issue $10 trillion in digital currency to support the dollar, generate $50 trillion in capital gains, and position itself as a market leader token assets of $500 trillion over the next two decades.

Saylor’s long-term outlook for Bitcoin remains extremely optimistic, predicting that Bitcoin will appreciate at an annual rate of 29% over the next 21 years, reaching $13 million per coin by 2045.


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