Michael Saylor: Bitcoin as strategic reserves for the US, a revolutionary move
CryptoNewsTerminal Staff06 Aug, 2024
Michael Saylor: Bitcoin as strategic reserves for the US, a revolutionary move
Michael Saylor, the founder of MicroStrategy, has expressed his belief that the United States should consider holding Bitcoin as a strategic reserve. In an interview with CNBC, Saylor emphasized the unique properties of Bitcoin, particularly its digital scarcity, which makes it an attractive asset for nation-states. The strategic value of Bitcoin lies in its potential to serve as a foundation for a future monetary-based empire. Saylor highlighted the shortcomings of the current financial infrastructure, which operates within limited time frames. In contrast, Bitcoin is available for transactions 24/7, offering greater flexibility and efficiency. Saylor's suggestion aligns with a growing recognition of Bitcoin's potential as a store of value and a hedge against inflation. The adoption of Bitcoin as a strategic reserve by the US would not only enhance its credibility but also reinforce its status as a legitimate and valuable asset.
