Michael Saylor: Suggests that the United States sell its gold reserves to purchase at least 20% to 25% of circulating Bitcoin
MicroStrategy founder and chairman Michael Saylor participated in strategic Bitcoin reserve discussions, and recently shared key reasons why the United States needs to abandon gold and embrace digital currency during an interview. In this one-minute video, Saylor stated that BTC can help the U.S. government control world reserve status and capital networks. He implied that his suggestion is for the U.S. government to purchase at least 20% to 25% of circulating Bitcoins.
Saylor said that the United States could sell all its gold reserves to buy Bitcoin. If this could be achieved, it would make the United States a World Reserve Capital Network.
He believes if the U.S. government takes this action, it will cause a sharp drop in gold prices and prompt other economies to sell assets to buy Bitcoin. After demonizing gold, capital will flow back into America where potentially Bitcoin reserves could skyrocket up to about $100 trillion.(CoinGape)
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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