Michael Saylor Urges US To Ditch Gold For Bitcoin: ‘Sell The Past, Own The Future’
Posted On December 10, 2024
Michael Saylor, co-founder and executive chairman of MicroStrategy (NASDAQ:MSTR), has called for a dramatic shift in U.S. economic strategy, urging the country to abandon gold as a reserve asset in favor of Bitcoin (CRYPTO: BTC).
What Happened: Speaking on a yet-to-be-released episode of the Galaxy Brains podcast, Saylor labeled gold as a “shiny dead rock” and laid out a provocative plan to bolster U.S. global economic leadership through cryptocurrency.
“If you want to elevate the U.S.’s economic leadership in the world, there are two very simple strategies,” Saylor said. “Dump the gold and buy Bitcoin.”
He suggested that replacing gold with Bitcoin as a strategic reserve asset would allow the U.S. to …
About The Author
