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Michael Saylor said: "Donald Trump is serious about creating a Bitcoin reserve fund"
Michael Saylor, co-founder and CEO of MicroStrategy, expressed confidence in former President Donald Trump's intention to create a strategic Bitcoin reserve for the United States. Speaking about the underlying impact of this action, Saylor has compared it to the historical acquisitions of the United States such as the Louisiana Purchase and mentioned the transformative financial opportunities it could bring. Saylor notes the significant value that Bitcoin could bring to the US economy. Based on proposals such as Senator Cynthia Lummis's plan to buy one million Bitcoins, Saylor estimates that such an initiative could bring $16 trillion to the US economy. Expanding on this, he notes that the proposal to buy 4 million Bitcoins by Robert F. Kennedy Jr. could create value of up to $56 trillion. Saylor points out that Trump could aim even higher, with potential earnings reaching $81 trillion, doubling the current national debt of the US at $36 trillion. Saylor said: "All foreign capital and outdated 20th century investments are shifting to digital assets like Bitcoin". "A sensible move for the United States would be to pledge Bitcoin now and 'own the future'". Related news: il Capo speaks after the huge price increase of Bitcoin! - How long does he expect this price increase to last? When asked whether that means pursuing Bitcoin at all prices, Saylor advocates a gradual accumulation strategy, likening it to gradually buying Manhattan over many decades. He said: "The United States could buy 20-25% of the Bitcoin network by reallocating gold reserves or taking on a small debt." Saylor predicts that the value of the Bitcoin network could increase by 100 times, demonstrating the urgency of taking action before it grows exponentially. Saylor emphasized the importance of establishing a strong digital asset framework to maximize the potential of Bitcoin. He noted the need for clear definitions of digital commodities, currencies, securities, and tokens, as well as the rights and responsibilities of issuers, exchanges, and owners. The opportunity for the United States is to issue 10 trillion dollars of digital currency to support the dollar, generate 50 trillion dollars of interest from capital, and position itself as a leader in the $500 trillion cryptocurrency asset market over the next two decades. Saylor's long-term prospects for Bitcoin remain extremely optimistic as Saylor predicts that Bitcoin will appreciate at a rate of 29% per year over the next 21 years, reaching $13 million per coin by 2045. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)