Michael Saylor's plan involves the US government buying 20-25% of the circulating $BTC supply, which he believes would make the US the world's reserve capital network. He suggests that the government could sell its gold reserves to fund this purchase. Saylor claims that this move would create a strategic Bitcoin reserve capable of generating $16 to $81 trillion in wealth for the US Treasury, potentially offsetting the national debt.
Saylor's proposal is part of a broader Digital Assets Framework for the US, which aims to establish clear regulations and guidelines for the cryptocurrency industry. He believes that this framework would strengthen the US dollar, promote innovation, and position the US as a leader in the digital economy.
While Saylor's plan is ambitious, it's essential to note that it's not without controversy. Critics, such as Peter Schiff, have dismissed the idea as "complete bullshit". Nevertheless, Saylor's proposal has sparked an interesting debate about the potential role of Bitcoin in the US economy.