Michael Saylor, the chairman and founder of MicroStrategy, has recently expressed his preference for Bitcoin over gold. In a recent interview conducted by Yahoo Finance, Michael Saylor asserted that the US requires replacing gold with Bitcoin for reserves, reigniting a debate over the suitable asset for reserve.

MicroStrategy Founder Prefers $BTC Over Gold for the US Reserve

In a short interview clip that Saylor shared on his official X account, he has rekindled the debate around Bitcoin’s suitability as a reserve asset. He stated that choosing the top crypto can assist the US authorities in several ways. In this way, the US government can control the capital network and reserve status around the world. He additionally disclosed his recommendation for the government. As per him, the authorities should purchase a minimum of 20-25% of the cumulative Bitcoin in circulation at present.

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Michael Saylor mentioned that the US can offload the entirety of the gold existing in the reserve to purchase Bitcoin. He argues that acting upon the above-mentioned recommendation concerning the Bitcoin buyout will raise the financial position of the US. The Bitcoin bull pointed out that, with this move, the United States will become the “World Reserve Capital Network.”

BTC Bull Expects a Return of Capital Flow to the US If It Buys Bitcoin

Saylor believes that a significant plunge will take place in gold’s price if the government does this. The move will develop an economic dilemma for opponent economies. As a result of this, Chinese, Russians and other foreigners would purchase BTC if this plan works successfully. In this way, Saylor thinks that the capital will return to the United States after the demonetization of gold all over the world.

According to the expectations, the BTC reserve’s price at that point could surge to approximately $100T. In the meantime, market onlookers anticipate a substantial growth of the strategic $BTC reserve under the administration of Donald Trump. As per the reports, the President-elect has a plan to establish an advisory council for crypto to execute modalities for the respective reserve. Although Michael Saylor advocates for Bitcoin instead of gold for the US reserves, it is still uncertain if the government will leverage this opportunity.