2024

United

Bitcoin

Reserve

<ul> 
 <li>Michael Saylor suggests the U.S. should sell its gold reserves to purchase up to 25% of the total Bitcoin supply.</li> 
 <li>This strategy could lead other nations to also invest heavily in Bitcoin, potentially strengthening the U.S. economy.</li> 
</ul> 
In a striking suggestion that could redefine the concept of national reserves, Michael Saylor, President of MicroStrategy, has articulated a visionary proposal for the United States to divest from gold and acquire approximately 25% of the global <a href="https://www.ethnews.com/amazon-to-consider-bitcoin-strategy-proposes-holding-5-of-assets-in-crypto/">Bitcoin</a> (BTC) supply. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The United States should buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and sell Gold.<a href="https://t.co/HD69iy1EAO">pic.twitter.com/HD69iy1EAO</a> 
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1865473610942464056?ref_src=twsrc%5Etfw">December 7, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This ambitious strategy aims to position <a href="https://www.ethnews.com/michael-saylor-advocates-for-u-s-to-replace-gold-with-bitcoin/">Bitcoin</a> at the heart of the U.S.’s financial arsenal, leveraging the cryptocurrency’s attributes to fortify the nation’s economic sovereignty. 
<h2 id="a-strategic-pivot-to-bitcoin">A Strategic Pivot to Bitcoin</h2> 
According to Saylor, the United States is on the verge of establishing its own strategic Bitcoin reserve. This comes at a time when digital currencies, particularly <a href="https://www.ethnews.com/100m-bitcoin-trader-unveils-5-altcoins-for-a-50m-portfolio-memecoins-dominate-his-strategy/">Bitcoin</a>, are increasingly recognized as a viable component of a national treasury. 
Saylor argues that <a href="https://www.ethnews.com/us-treasury-defines-bitcoin-as-digital-gold-amidst-soaring-market-cap/">Bitcoin</a>, which he describes as a “global reserve capital network,” surpasses traditional assets like real estate and stocks in terms of reliability and potential for appreciation. 
Saylor’s recommendation involves the U.S. government selling its substantial gold reserves and using the proceeds to purchase over 5 million <a href="https://www.ethnews.com/the-biggest-crypto-rally-ever-5-altcoins-primed-to-follow-bitcoins-new-ath/">BTC</a>. 
Such a move would not only signal a significant shift in asset preference but would also, per Saylor’s predictions, prompt major global economic players—including China and Russia—to follow suit, thus accelerating the establishment of Bitcoin reserves worldwide. 
<h2 id="economic-implications-and-global-reactions">Economic Implications and Global Reactions</h2> 
This proposal, Saylor asserts, would transform the economic landscape by de-monetizing gold as a reserve asset and reallocating those resources into <a href="https://www.ethnews.com/top-5-cryptos-for-your-portfolio-bitcoin-ethereum-and-emerging-star-xyzverse/">Bitcoin</a>, thereby potentially increasing the U.S.’s wealth to an estimated $100 trillion. 
This shift would place the U.S. at the forefront of controlling the global reserve network and the world reserve currency. 
However, this bold strategy has met with skepticism from figures like Peter Schiff, a well-known critic of Bitcoin. Schiff challenges the feasibility of such a plan, arguing that selling off the U.S.’s gold to buy <a href="https://www.ethnews.com/expert-who-called-bitcoins-100k-high-says-these-5-tokens-are-next-for-a-breakout/">Bitcoin</a> could disastrously affect the value of gold and lead to significant inflationary pressures due to the influx of dollars needed to fund such purchases. 
The idea of the U.S. cultivating a Bitcoin reserve is not new. Senator <a href="https://www.ethnews.com/crypto-champion-senator-lummis-battles-overreach-heres-the-scoop/">Cynthia Lummis</a> previously suggested the sale of some U.S. gold reserves to acquire Bitcoin. Furthermore, the notion of a strategic reserve was recently supported in legislative proposals, highlighting ongoing discussions about the role of cryptocurrencies in national financial strategies. 
As the U.S. contemplates this unprecedented move, the implications ripple through the corridors of global finance, potentially redefining the structure of modern monetary reserves. 
This development underscores the evolving narrative of <a href="https://www.ethnews.com/bitcoin-surges-past-100000-as-ethereum-targets-4000-new-highs-on-the-horizon/">Bitcoin</a>’s role not just as a digital currency, but as a foundational asset in the future of global economics. 
The post <a href="https://www.ethnews.com/michael-saylor-advocates-for-u-s-to-acquire-25-of-bitcoin-shifting-national-reserve-strategy/">Michael Saylor Advocates for U.S. to Acquire 25% of Bitcoin, Shifting National Reserve Strategy</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Michael Saylor Advocates for U.S. to Acquire 25% of Bitcoin, Shifting National Reserve Strategy

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