Michael Saylor, President of MicroStrategy, suggested that Bitcoin $106,860 could provide a solution to the U.S. debt crisis. In an interview with CNBC, he described Bitcoin as the digital capital network of our era. Saylor emphasized the necessity for the U.S. to establish a strategic Bitcoin reserve, highlighting its significance for economic leadership.
Bitcoin Reserves Can Enhance Economic Leadership
Saylor articulated that the U.S. could alleviate its current economic troubles with Bitcoin. He proposed exchanging a portion of gold reserves for Bitcoin as a strategic solution. This approach, he argued, could allow the U.S. to accumulate 20% to 25% of its reserves in Bitcoin. He stated, “The U.S. needs to create a Bitcoin reserve to pay its debts and secure its economic leadership in the digital era.” Saylor suggested that this strategy could boost capital flow.
Saylor likened this investment to purchasing Manhattan, asserting that Bitcoin still presents an early investment opportunity today. He claimed that the current Bitcoin prices could multiply by 100 times.
MicroStrategy’s Bitcoin Strategy Continues
For the past four years, MicroStrategy has been implementing its Bitcoin accumulation strategy. The company continues to purchase Bitcoin by issuing various convertible notes and currently holds 439,000 Bitcoin, attracting global attention. Saylor emphasized that there are no limits to the company’s Bitcoin accumulation.
Bitcoin’s price reached a new record, climbing to $108,000 during the day, although it is currently trading at $105,985. Experts believe that Bitcoin could gain further value due to ETF initiatives and positive regulatory developments.
Saylor predicts that Bitcoin could rise to millions of dollars by 2045. These projections indicate that Bitcoin might play a significant role in the economy in the future. MicroStrategy’s strategy and Saylor’s statements are generating interest in digital assets for U.S. economic planning.