Michael Saylor claims the US should replace gold with Bitcoin

Source Cryptopolitan

Michael Saylor proposes that the US replace gold with Bitcoin in its reserves, also arguing that it would strengthen the country’s global financial dominance. He predicts Bitcoin’s value could reach $100 trillion under this strategy. Saylor’s ideas have garnered support from figures like Cathie Wood and the growing interest in cryptocurrency reserves in the US.

Michael Saylor has reignited the debate on Bitcoin as a strategic reserve asset. In an interview, Saylor argued that the United States should replace gold with Bitcoin in its reserves, stating that this move would enhance the country’s overall control of the global capital network.

The MicroStrategy Chief believes Bitcoin can help the US strengthen its position and dominate global finance. He suggests the US government acquire 20-25% of all Bitcoin. Saylor predicts this move could lower gold’s value, forcing countries like Russia and China to sell their gold and assets to buy Bitcoin, ultimately driving capital back to the US.

Replacing gold with bitcoin

Michael Saylor predicts Bitcoin’s value could reach $100 trillion if the US adopts his strategy. This bold claim contrasts Bitcoin’s current market cap of under $2 trillion which is never going to happen. Despite skepticism, Saylor sees Bitcoin as a better store of value than gold. He even suggests the US sell its entire gold reserve to buy Bitcoin, establishing itself as the “World Reserve Capital Network.”

Saylor’s views have gained support from Cathie Wood, CEO of ARK Investment, who believes Bitcoin’s future is brighter than gold’s and could exceed its $17.6 trillion market cap. Federal Reserve Chair Jerome Powell has also referred to Bitcoin as “virtual gold.”

Under Saylor’s leadership, MicroStrategy has become the largest corporate holder of Bitcoin, owning over 402,000 BTC. This strategy has paid off, with the holdings now worth over $40 billion, showing significant unrealized profits.

Saylor’s proposal for a national Bitcoin reserve is bold and aligns with growing discussions about cryptocurrency reserves in the US. Likewise, the incoming Trump administration has suggested forming a crypto advisory council to explore Bitcoin as a strategic reserve asset.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Silver Price Forecast: XAG/USD surges to record high above $56 amid bullish momentumSilver (XAG/USD) climbs to a fresh all-time high on Friday, buoyed by dovish Federal Reserve expectations alongside strong industrial and investment demand.
Author  FXStreet
Dec 01, Mon
Silver (XAG/USD) climbs to a fresh all-time high on Friday, buoyed by dovish Federal Reserve expectations alongside strong industrial and investment demand.
placeholder
Crypto Market Outlook: Bitcoin, Ethereum, and XRP Tumble as BoJ Hawkishness Sparks Risk-Off RoutBitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
Author  Mitrade
Dec 01, Mon
Bitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
placeholder
Avalanche Coils for a Big Move as Wolfe Wave Pattern TightensAvalanche (AVAX) is trading near $13.06 as a Wolfe Wave pattern and key weekly trendline converge, with BeLaunch eyeing a $11–$8 accumulation zone and drawing parallels to the September 2023 setup — a combination that suggests a major breakout could be approaching once the current coil finally snaps.
Author  Mitrade
Yesterday 06: 44
Avalanche (AVAX) is trading near $13.06 as a Wolfe Wave pattern and key weekly trendline converge, with BeLaunch eyeing a $11–$8 accumulation zone and drawing parallels to the September 2023 setup — a combination that suggests a major breakout could be approaching once the current coil finally snaps.
placeholder
Fed’s $13.5B Liquidity Injection: Will it Fuel Bitcoin to $50K or Signal a Crash?The Federal Reserve injected $13.5 billion into the banking system, signaling a significant liquidity boost for Bitcoin and risk assets, rivaling levels from the COVID-19 era.
Author  Mitrade
10 hours ago
The Federal Reserve injected $13.5 billion into the banking system, signaling a significant liquidity boost for Bitcoin and risk assets, rivaling levels from the COVID-19 era.
placeholder
Solana Price Forecast: ETF Demand and Derivatives Flows Fuel a Sharper ReboundSolana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Author  Mitrade
7 hours ago
Solana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
goTop
quote