Michael Saylor Lays Framework For US To Pay Off $36T Debt With Bitcoin

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As a seasoned researcher with a keen eye for market trends, I find Michael Saylor’s perspective on Bitcoin and its potential role in solving the US debt problem intriguing. His comparison of Bitcoin to early bets on Manhattan is particularly insightful, given his deep understanding of historical investments and their long-term impact.

In a recent interview on CNBC, Michael Saylor, the head of MicroStrategy, discussed the possibility that Bitcoin (BTC) could address America’s debt issue. He drew an analogy between Bitcoin and initial investments in Manhattan, New York City, and its thriving economy.

Investing in the Digital Capital Network

Talking about a strategic Bitcoin reserve, Michael Saylor has always advocated for such in the US.

As a researcher observing the impressive trajectory of the company following its Bitcoin strategy adoption, I am confidently advocating that the U.S., much like President Trump’s vision, might be on the right path towards establishing a strategic Bitcoin reserve. This forward-thinking move could potentially equip America to tackle its colossal $36 trillion debt burden more effectively.

Saylor proposes that the United States should either exchange its current gold reserves or take out a modest loan to acquire between 20% and 25% of the total Bitcoin supply. He posits that by doing so, the financial infrastructure would be drawn towards the U.S., bolstering the strength and value of Bitcoin simultaneously.

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.

— Michael Saylor (@saylor) December 16, 2024

Then, he shared an example of the purchase of Manhattan to solidify his stance on holding Bitcoin.

Given the opportunity, I would have continuously invested in Manhattan for the past 300 years. Buying at different times wouldn’t matter much, as it’s always been a profitable venture. Investing in New York, the economic powerhouse of the free world, has always proven to be a smart decision.

In much the same way that Manhattan proved to be a profitable venture, he’s confident that Bitcoin has the potential to increase 100-fold from its current value. His advice is for the U.S. government to jump on this opportunity now rather than pay a higher price in the future.

Over the past four years, MicroStrategy has implemented a strategy focused on acquiring Bitcoins, which now amounts to billions. They’ve even resorted to issuing convertible notes to boost their Bitcoin acquisitions. On Monday alone, they bought an additional 15,350 Bitcoins, increasing their total holdings to approximately 439,000 units. Given the current market value of a Bitcoin, this equates to around $46 billion.

During the interview, when the interviewer inquired whether there’s a cap on the firm’s Bitcoin acquisition, Saylor responded by stating that the company intends to continue amassing Bitcoin.

Michael Saylor Issues Epic Bitcoin Price Target

The MicroStrategy chief feels very bullish about Bitcoin and its potential to hit millions in a few years.

According to him, the digital currency (coin) is projected to increase by approximately 29% each year. If this trend continues, the Bitcoin price could potentially reach around $13 million by the year 2045, as pointed out by Michael Saylor.

Remarkably, the price of Bitcoin reached an all-time high surpassing $108,000 earlier today. At present, it is being traded at $105,985.17, representing a 2.79% growth over the past 24 hours.

As an analyst, I confidently express my conviction that Bitcoin (BTC) has the capacity to reach millions within the next few years. This optimism is driven by several key factors, such as increased inflows from Bitcoin Exchange-Traded Funds (ETF), a supportive regulatory environment, and other catalysts yet to emerge.

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2024-12-17 00:30