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
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
Pinduoduo Earnings Incoming: Morgan Stanley Sees Long-Term Profit Potential​Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
Author  Mitrade
Nov 20, 2024
​Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
placeholder
Elon Musk’s xAI and Neuralink Launch New Funding Rounds​Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
Author  Insights
Jun 03, 2025
​Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
placeholder
WTI eases below $103.50 as US, Iran reportedly seeking 45-day ceasefireWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire. 
Author  FXStreet
22 hours ago
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire. 
placeholder
Crypto Weekly Radar: All eyes on Donald Trump’s ultimatum, US macroeconomic dataCrypto markets begin the week with mixed sentiment, with Bitcoin (BTC) trading above $69,000 following last week’s rebound. Still, markets remain cautious as traders weigh risks stemming from Donald Trump’s renewed threats toward Iran ahead of the ultimatum set for Tuesday.
Author  FXStreet
21 hours ago
Crypto markets begin the week with mixed sentiment, with Bitcoin (BTC) trading above $69,000 following last week’s rebound. Still, markets remain cautious as traders weigh risks stemming from Donald Trump’s renewed threats toward Iran ahead of the ultimatum set for Tuesday.
goTop
quote