Michael Saylor calls for US to establish Bitcoin reserve
Former MicroStrategy CEO Michael Saylor commented in a recent interview on the potential for creating a Strategic Reserve of Bitcoin to the US. US President-elect Donald Trump had already declared during his candidacy that in case of re-election he would designate Bitcoin as a strategic reserve asset in the country.
Saylor expressed optimism about the pro-crypto candidate’s victory in the US, calling for a new framework to be established in the country regarding the sector, highlighting low regulation and pro-innovation. This new stance would aim to boost the industry under the next administration. During the interview, the former CEO of MicroStrategy made strong calls for the creation of a Bitcoin reserve for the US.
At the event, the executive also presented a backup plan that highlights a strategy aimed at maintaining the US's financial dominance in the global market. Emphasizing the fierce competition faced by major world powers such as Russia and China, Saylor recommended that the US purchase at least 20 to 25% of the total supply of the largest cryptocurrency.
In his argument, Saylor highlighted that if the US were to sell its gold reserves to acquire Bitcoin, the action would weaken competition for its dependence on gold and the measure could boost the value of the US capital reserve to several trillion.
In a recent post on social media platform X, former CEO of MicroStrategy highlighted his advice for the country to buy BTC and sell gold.
“The United States should buy Bitcoin and sell gold,” wrote .
It is worth remembering that MicroStrategy is the global leader among corporations holding Bitcoin. Recently, the company reinforced its investment in cryptocurrency with the purchase of an additional 15.400 BTC. Conducted between November 25 and December 1, 2024, the transaction cost approximately $1,5 billion, with an average price of $95.976 per Bitcoin. With this new acquisition, the company now holds a total of 402.100 BTC, highlighting its aggressive policy and confidence in Bitcoin as a robust reserve asset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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