Michael Saylor has once again echoed the call to purchase Bitcoin. Saylor, former CEO of Microstrategy, was quoted in a recent interview as giving an analysis of why America should ditch its gold in favor of Bitcoin. This would make America the next superpower.
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Michael Saylor has a passion for Bitcoin. Michael Saylor is famous for his ardent love of Bitcoin. He leaves no stone unturned in promoting Bitcoin on the international front. Saylor recently stated Bitcoin facts in an interview. He commented on the transformational nature of the Trump presidency for Bitcoin.
Due to the many benefits that cryptocurrency offers, the former Microstrategy CEO was quick in suggesting the US dump their gold for BTC.
Saylor stated that US investment in Bitcoin is a profitable way for them to fight their enemies. The former Microstrategy CEO shared with us how BTC can help the US to topple enemies. Saylor explained that the demonetization of gold might be useful to the US in order to remain one step ahead.
“The very simple idea is that 20% or 25% of the Bitcoin net worth on behalf of the US government catalyzes the development of the world reserve capital network. And let all the Chinese and the Russians sell their assets and buy Bitcoin. And the money flows into the United States. If you want to put a great twist to it. Dump your gold, sell all the US gold, and buy Bitcoin; then the trade is free because you could buy 5 million Bitcoin for the cost of gold. You will demonetize their entire gold asset class. And our enemies hold gold in their banks, and so their assets go to zero; our asset would go to a hundred trillion dollars. And we would control the world reserve capital network. As well as the world currency network.
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Bitcoin Touted As Digital Gold
After Bernstein, the US Treasury Department is another leading entity to refer to Bitcoin as digital gold. The organization in its latest note has referred to Bitcoin as digital gold, adding how the asset can act as a lucrative store of value.
“Bitcoin is primarily used as a digital store of value. “digital gold,” In a world of decentralized finance. The growth of digital tokens has been largely driven by speculation.
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Source: watcher.guru
