CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-12-17 05:48:49

Michael Saylor’s Bold Plan: Can Bitcoin Help the US Pay Off Its $36 Trillion Debt?

The post Michael Saylor’s Bold Plan: Can Bitcoin Help the US Pay Off Its $36 Trillion Debt? appeared first on Coinpedia Fintech News Michael Saylor, Chairman of MicroStrategy and a vocal Bitcoin advocate, has laid out a daring vision for how the United States can use Bitcoin to address its staggering $36 trillion national debt. Speaking in a recent CNBC interview, Saylor compared Bitcoin to Manhattan’s historical value and suggested that investing in the cryptocurrency today could secure the nation’s financial future. Bitcoin as “Cyber Manhattan” Drawing parallels to the purchase of Manhattan centuries ago, Saylor described Bitcoin as the “economic capital of the digital world.” He argued that as Manhattan consistently grew in value, Bitcoin offered a similar long-term investment opportunity. My thoughts on solving the national debt, strengthening the USD, ensuring US economic leadership via a Digital Assets Framework & #Bitcoin Strategic Reserve, $MSTR 's inclusion in the Nasdaq 100, & value created by our treasury operations with @SaraEisen . pic.twitter.com/3Mcu2ekGe2 — Michael Saylor (@saylor) December 16, 2024 “If I could go back, I’d buy Manhattan every year for 300 years,” Saylor said. He believes Bitcoin has the potential to grow 100 times its current value, making now the best time for the U.S. government to invest. Further Saylor suggested that the U.S. create a strategic Bitcoin reserve, either by selling part of its gold holdings or borrowing a fraction of its resources to acquire Bitcoin. According to Saylor, holding 20–25% of its reserves in Bitcoin would attract global capital, strengthen the dollar, and fuel economic growth. He likened this strategy to MicroStrategy’s own Bitcoin acquisition approach. MicroStrategy Continues to Buy Bitcoin On 16 Dec, Michael Saylor announces that MicroStrategy has added another 15,350 BTC to its Bitcoin holdings. The latest purchase cost approximately $1.5 billion, with an average price of $100,386 per Bitcoin. BREAKING: MicroStrategy acquires 15,350 $BTC for $1.5B, raising its total stash to 439,000 #Bitcoin . — Michael Saylor Founder of MicroStrategy (Parody) (@Saylorsatsire) December 16, 2024 Meanwhile, this new acquisition boosts the company’s total Bitcoin reserves to an impressive 439,000 BTC . MicroStrategy has spent about $27.1 billion to build this portfolio, with an average purchase price of $61,725 per Bitcoin. Bitcoin’s Journey to $13 Million Saylor shared his bullish outlook for Bitcoin, predicting an annual price growth of 29%. At this rate, Bitcoin could reach a staggering $13 million by 2045. However, Bitcoin’s journey to millions hinges on factors like ETF inflows and favorable regulations

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.