The Chairman of MicroStrategy proposes a plan to use Bitcoin as a national strategic reserve while the company acquires another 15,350 BTC.
Michael Saylor, Chairman of MicroStrategy and a Bitcoin supporter, has presented a vision to address the U.S. national debt of $36 trillion. In an interview with CNBC, the entrepreneur outlined a strategy that sees Bitcoin as a potential lifeline for U.S. finances.
Comparing Bitcoin to Manhattan, Saylor referred to the cryptocurrency as the “economic capital of the digital world.” During the interview, he suggested that Bitcoin offers an investment opportunity similar to the famous New York district for its exponential growth, stating:
“If I could go back, I’d buy Manhattan every year for 300 years.”
According to Saylor’s proposal, the United States should establish a strategic Bitcoin reserve by allocating 20-25% of its reserves to the cryptocurrency, selling part of its gold holdings or borrowing a fraction of its financial resources. This move would attract global capital, fuel economic growth, and strengthen the U.S. dollar.
Supporting his argument, MicroStrategy has just acquired an additional 15,350 bitcoins for around $1.5 billion, bringing its total portfolio to 439,000 BTC. This investment cost $27.1 billion, with an average purchase price of $61,725 per bitcoin.
