Michael Saylor, the chairman of MicroStrategy, has shared a bold idea: by using Bitcoin as a strategic reserve, the United States could make up to $81 trillion. Saylor believes this move could position the U.S. as the leader of the global digital economy. Perhaps his idea faced criticism, with some saying it could weaken the U.S. dollar and harm the economy.

US Could Unlock $81 Trillion With Bitcoin

According to Michael Saylor, adopting a Bitcoin reserve would allow the U.S. to leverage the cryptocurrency’s scarcity and growing global value. He suggests that a strategic Bitcoin policy could strengthen the U.S. dollar, reduce national debt, and boost the economy by creating trillions in value.

Saylor also outlined a scenario where global digital capital markets could expand from $2 trillion to $280 trillion, with the U.S. capturing a significant share of this growth. 

He also predicted that the Bitcoin reserve could generate anywhere from $16 trillion to $81 trillion for the U.S. Treasury, unlocking huge opportunities for U.S. companies. Some even believe that Bitcoin’s price could soar to $500,000 if this vision comes to life.

Peter Schiff Slams Salyor’s Proposal 

While Saylor’s vision has its supporters, it has also faced strong criticism. Economist and long-time Bitcoin critic Peter Schiff called the proposal “complete bullshit,” claiming it would harm the U.S. economy.

Schiff argued that adopting Bitcoin as a national reserve would weaken the dollar, increase national debt, and destabilize the economy. “This would deprive businesses of power, reduce growth, and destroy value.”

Although, Schiff has always argued that Bitcoin is too risky and unstable to be a reliable financial asset. Instead, he supports gold, which he sees as a safer investment.

Bitcoin’s Role in the Future

Saylor’s bold proposal adds to the ongoing discussion about Bitcoin’s place in national economies. While countries like El Salvador have embraced Bitcoin, it’s still a controversial idea for larger economies like the U.S. 

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed