Editor's PiCK

Michael Saylor "US Government Should Ditch Gold and Buy Bitcoin"

Source
YM Lee

Summary

  • Michael Saylor emphasized that the US government should sell its gold holdings and purchase Bitcoin.
  • He stated that Bitcoin would help the US control the global capital network.
  • The Trump administration has pledged to hold Bitcoin as a national strategic reserve asset.

Michael Saylor, chairman of MicroStrategy, emphasized that the US government should abandon gold and purchase Bitcoin (BTC) as a strategic reserve.

According to a report by CoinGape on the 8th (local time), Michael Saylor stated in an interview with Yahoo Finance, "The US government should sell its gold holdings and purchase 20-25% of the circulating supply of Bitcoin. Bitcoin will significantly help the US control the global capital network."

The soon-to-be Donald Trump administration has pledged to adopt Bitcoin as a national strategic reserve asset.

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YM Lee

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