Official announcements from the U.S. Treasury or Federal Reserve

Michael Saylor Urges U.S. to Sell Gold Reserves ($XAU) and Invest in Bitcoin ($BTC), Boosting MicroStrategy ($MSTR)

Dec 15, 2024, 04:01 PM

Michael Saylor, the co-founder of MicroStrategy, has publicly urged the U.S. government to sell all of its gold reserves and invest the proceeds in Bitcoin. Saylor argues that this move would effectively demonetize gold as an asset class and significantly increase the value of Bitcoin. He emphasizes that such a strategy would benefit the U.S. economy, suggesting that while enemies of the U.S. hold gold, transitioning to Bitcoin could lead to a substantial increase in asset value, potentially reaching hundreds of trillions of dollars. This call to action has sparked discussions within the cryptocurrency community about the implications of such a radical shift in asset management.