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#BTC Bull

Michael Saylor Announces New Proposal for U.S. Purchase of Bitcoin

MicroStrategy co-founder and Bitcoin advocate Michael Saylor has suggested that the United States should acquire 20% of the global Bitcoin supply by selling its gold reserves and using the proceeds to purchase BTC.

In a recent discussion, Saylor argued that Bitcoin is a form of capital rather than a currency, comparing it to the historical role of gold. He suggested that the U.S. government could simply swap (liquidate gold holdings for Bitcoin) to gain a dominant stake in the digital asset.

“The US should sell its gold and buy Bitcoin with it, buy 20% of the BTC network,” Saylor said. “If anyone trades their Treasury bonds for Bitcoin, then the US will have it all. It’s like getting Alaska for free or the Louisiana Purchase.”

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