MicroStrategy Chairman Michael Saylor has proposed that the US government sell its gold reserves and invest in Bitcoin instead. Saylor believes that Bitcoin is a superior long-term investment compared to real estate and stocks, and that it could strengthen the US economy while weakening rival countries' gold reserves such as China and Russia. He suggests that the US government purchase 20-25% of the Bitcoin network to catalyze its growth. Saylor also believes that demonetizing gold could reduce its value to near zero, while Bitcoin's value could skyrocket, potentially reaching $100 trillion and giving the US control over the world's reserve currency and capital network.



Other News from Today