Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
MicroStrategy CEO Michael Saylor says turning Bitcoin into the US strategic reserve can be very beneficial. The North American country could even obtain $81 billion dollars thanks to this measure that the White House intends to promote. The issue of BTC in the government structures of that country is now the topic of the moment.
In a recent post on X, the businessman showed for the first time what he thinks is the correct mechanism of action for BTC reserves. In that sense, the proposal places special emphasis on the policy to neutralize the problem of public debt through this digital asset.
By entering this race, the US would establish itself as the undisputed global leader in the new digital-based economy. Thus, a huge stimulus would be given to business and there would be a powerful engine for economic development and growth. Broadly speaking, Bitcoin would become the basis for genuine wealth creation, the likes of which has not been seen before in history, he surmises.
Among the most important aspects of the roadmap proposed by Saylor is the definition of digital assets in their different categories. Thus, the differentiation between digital commodities such as BTC and other digital assets, such as utility tokens and company-issued currencies, should provide greater clarity. Thus, business would be stimulated in various directions, but all oriented towards the digital age.
A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. https://t.co/7n7jQqPkf1
— Michael Saylor⚡️ (@saylor) December 20, 2024
Michael Saylor promotes the use of Bitcoin at all levels
Saylor’s decisive proposal to stimulate strategic Bitcoin reserves in the United States is not a surprise. For years, the businessman has been carrying out a crusade to promote the use of BTC at all economic levels. In his opinion, it is an advantageous currency for companies, individuals and nations.
However, to exploit the full potential of this asset, he states that it is necessary to create a framework of legitimacy. It emphasizes that these regulations must clearly express the rights and responsibilities of all participants in this new system supported by Bitcoin. The issue of exchange custody, for example, is fundamental to this equation.
In broad terms, adding Bitcoin to the reserves of the first global economy could generate a value of up to $81 trillion. This is a huge figure that doubles the projected US public debt for 2025.
At the current rate, US debt to GDP is expected to reach 127% by 2028. This alarming growth of the fiscal deficit cannot be stopped under the current model based on the permanent issuance of debt, according to the businessman’s proposal.
This week, the issue of strategic reserves in Bitcoin in the US was the most contentious issue. Following negative statements by the Chairman of the Federal Reserve, Jerome Powell, cryptocurrencies suffered a sharp decline.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
