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
Australian Dollar appreciates as US Dollar loses ground amid US growth concernsThe Australian Dollar (AUD) rebounded on Monday, recovering losses from the previous two sessions against the US Dollar (USD).
Author  FXStreet
Mar 10, Mon
The Australian Dollar (AUD) rebounded on Monday, recovering losses from the previous two sessions against the US Dollar (USD).
placeholder
Here’s What to Watch With February 2025’s CPI Inflation ReportTradingKey - It’s been a rough few weeks for stock markets at technology stocks, in particular, have been hard hit by the uncertainty surrounding the impact of tariffs on the US economy.Of course, the
Author  TradingKey
Yesterday 03: 08
TradingKey - It’s been a rough few weeks for stock markets at technology stocks, in particular, have been hard hit by the uncertainty surrounding the impact of tariffs on the US economy.Of course, the
placeholder
XRP Bears Dominate as Price Continues to Fall Further from January’s $3.40 PeakXRP continues its decline, falling 10% over the past week as bearish momentum strengthens.The fourth-largest cryptocurrency by market capitalization remains under pressure, with waning buying interest
Author  Beincrypto
13 hours ago
XRP continues its decline, falling 10% over the past week as bearish momentum strengthens.The fourth-largest cryptocurrency by market capitalization remains under pressure, with waning buying interest
placeholder
Gold price consolidates near weekly high; looks to US CPI for fresh impetusGold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low.
Author  FXStreet
10 hours ago
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low.
placeholder
Ethereum Price Recovery Capped—Bulls Struggle Near ResistanceEthereum price failed to clear the $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a fresh decline below the key support
Author  NewsBTC
8 hours ago
Ethereum price failed to clear the $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a fresh decline below the key support
goTop
quote