Michael Saylor pitches his $81tn Bitcoin reserve plan for the US

2 weeks ago 3

Michael Saylor proposes a Bitcoin reserve to make up to $81 trillion for the US Treasury.
Lummis suggests buying 200,000 Bitcoin annually to physique a strategical reserve.

After spending the past 4 years adding Bitcoin to MicroStrategy’s reserves and profiting implicit $15 billion, Michael Saylor is calling connected the United States to follow Bitcoin arsenic a strategical nationalist asset.

He claims this could bolster the dollar, tackle nationalist debt, and unlock trillions successful economical value.

“A strategical integer plus argumentation tin empower millions of businesses, thrust growth, and make trillions successful value,” Saylor said.

His connection includes categorising assets similar Bitcoin arsenic “digital commodities” and establishing wide rights and responsibilities for issuers, exchanges, and owners.

The US already has a caput start, holding implicit 207,000 Bitcoin seized successful cases similar the Silk Road — much Bitcoin than immoderate different nationalist government.

While Saylor doesn’t notation these holdings successful his plan, helium envisions a Bitcoin reserve creating $16 trillion to $81 trillion successful wealthiness for the US Treasury to assistance offset the nationalist debt.

He besides foresees the integer plus marketplace expanding to $280 trillion — much than 100 times its existent size — but provides nary specifics connected however helium arrived astatine these figures.

Senator Cynthia Lummis has projected a unsmooth framework for a Bitcoin reserve, suggesting the US Treasury acquisition 200,000 Bitcoin annually for 5 years until the reserve reaches 1 cardinal tokens — astir 5% of Bitcoin’s full supply.

Under her plan, these purchases would beryllium funded done profits connected Federal Reserve slope deposits and golden holdings, with the reserve maintained for a minimum of 20 years.

Saylor besides warned that inaction could permission the US trailing nations similar China.

“The United States has an accidental to catalyze a 21st-century superior markets renaissance, unleashing trillions of dollars successful worth creation,” helium said.