Michael Saylor, Chairman of MicroStrategy and a leading advocate for Bitcoin, has said the United States should sell its gold and buy Bitcoin instead.
Saylor pointed out that gold makes up more than half of the country’s money reserves and said the U.S. should stop buying more gold and start focusing on Bitcoin. Right now, the United States has the most gold in the world, about 8,133 tons, which is very important in trading around the globe.
During a Yahoo Finance interview about dominating the market, Saylor said that Bitcoin has more value than gold and is better at protecting against inflation. He suggested:
“Get rid of your gold, sell all the gold in the U.S., and buy Bitcoin because you can get 5 million Bitcoin for the same price as the gold. This will make gold lose its value, and since our enemies keep gold in their banks, their assets will become worthless, while ours will grow to trillions of dollars.”
Saylor’s predictions for Bitcoin are still very optimistic. He has previously said that Bitcoin’s total value could go up to $280 trillion, which is much higher than gold’s current value of $45 trillion. Right now, Bitcoin’s total value is around $2 trillion.
