Michael Saylor, co-founder and executive chairman of MicroStrategy MSTR, has called for a dramatic shift in U.S. economic strategy, urging the country to abandon gold as a reserve asset in favor of Bitcoin BTC/USD.
What Happened: Speaking on a yet-to-be-released episode of the Galaxy Brains podcast, Saylor labeled gold as a “shiny dead rock” and laid out a provocative plan to bolster U.S. global economic leadership through cryptocurrency.
“If you want to elevate the U.S.'s economic leadership in the world, there are two very simple strategies,” Saylor said. “Dump the gold and buy Bitcoin.”
He suggested that replacing gold with Bitcoin as a strategic reserve asset would allow the U.S. to demonetize gold—an asset heavily held by rival nations—and capitalize on Bitcoin's growth potential.
“Sell it all and demonetize gold once and for all, put a stake in its heart,” Saylor added.
According to Saylor, this approach could enable the U.S. to acquire 20-25% of the Bitcoin network, significantly boosting its economic standing.
“Drive Bitcoin to the roof and then have 25% of the Bitcoin network forever,” he said.
Saylor's recommendations extended beyond Bitcoin, advocating for a regulatory framework to support U.S. dominance in digital currency.
He proposed a system allowing financial institutions like JPMorgan and Goldman Sachs to issue their own stablecoins while defining digital currency as U.S. dollar-backed assets held by regulated custodians.
This approach, he argued, would cement the dollar's status as the global reserve currency.
“You create $10 trillion of digital currency, and every single currency in the world will actually just merge into the U.S. dollar,” Saylor asserted, envisioning a future where digital dollars replace global fiat currencies, including the euro, yuan and ruble.
Describing his plan as “evil genius strategy,” Saylor outlined how shifting global capital from traditional assets like gold and real estate to Bitcoin could funnel wealth into U.S. companies and the government.
“Sell the past, own the future,” he concluded, emphasizing that such a move would secure U.S. financial dominance while simultaneously benefiting the country's corporate sector.
Why It Matters: MicroStrategy currently owns 423,650 Bitcoin, worth $42 billion at current prices.
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