BTC Hits $107K: Saylor Urges US Govt. To Create A Bitcoin Reserve

• Bitcoin price reaches a record-breaking all-time high of $107,162.64.
• Saylor compares Bitcoin to “cyber Manhattan,” citing its economic power.
• Urges the U.S. to sell 20-25% of gold reserves to invest in Bitcoin.

Michael Saylor is making headlines again. This time, he is in the spotlight for his bold proposal to solve the United States’ $36 Trillion national debt issue. During a recent interview with CNBC, MicroStrategy’s Saylor proposed the US government establish a Bitcoin strategic reserve.

This statement comes when the Bitcoin price has hit a new all-time high of $107,162.64. This surge is the result of optimism and influential advocates like Michael Saylor. Amid a wave of positive Bitcoin news, Saylor’s financial commitment to Bitcoin continues to push prices higher.

Since November 10, he has consistently shared MicroStrategy‘s Bitcoin purchase updates every Sunday. This pattern continued on December 15. That day, Saylor hinted at a new purchase by questioning if MicroStrategy’s Bitcoin tracker was “missing a green dot.”

The following Monday, MicroStrategy confirmed the acquisition of an additional 15,350 BTC. The firm raised its total holdings to 439,000 BTC, valued at approximately $46 Billion.

Bitcoin Better Than Real Estate & US Should Sell 20 -25% Gold Reserves To Buy More Crypto – MSTR CEO

Michael Saylor has likened Bitcoin to “cyber Manhattan,” emphasizing its immense economic potential. In a recent interview on Monday, the MicroStrategy chairman reiterated his unwavering belief.

According to him, Bitcoin is the ultimate modern financial powerhouse. That has been drawing parallels to the historic value of Manhattan real estate.

“We’ll just keep buying the top forever,” Saylor declared.

“Every day is a good day to buy Bitcoin. I would have bought Manhattan 100 years ago, 200 years ago, every year for the past 300 years. You pay a little more than the last buyer, but it’s always worth it to invest in the economic capital of the free world.”

Saylor’s conviction in Bitcoin was fully displayed when he addressed critics who labeled MicroStrategy’s Bitcoin acquisition strategy a Ponzi scheme. He countered by comparing Bitcoin to real estate. He explained that his approach mirrors what Manhattan developers do.

They leverage rising property values to issue more debt and fund further development. He argued that reinvesting strategically is a sound and proven economic model as Bitcoin’s value increases.

Saylor stated that-

“Just like developers in Manhattan, every time real estate goes up in value, they issue more debt to develop more real estate,” he said. “That’s why your buildings are so tall in New York City, it’s been going on for 350 years. I would call it an economy.”

Michael Saylor emphasized the importance of the US adopting a Bitcoin strategy similar to MicroStrategy. He considers it as highly successful.

Comparing Bitcoin’s growth potential to Manhattan’s historical investment success, Saylor projected that Bitcoin could grow 100x from current levels. He urged the government to act now rather than face higher prices later.

Saylor proposed that the U.S. could sell a portion of its gold reserves. That could be around 20 to 25% of the investment in Bitcoin. He said such a move would attract substantial capital inflows into the country.

He argued that Bitcoin holds greater intrinsic value than gold. This positioned it as a superior hedge against inflation and a key asset capable of reaching trillions of dollars in value.

Michael Saylor’s another Bullish reaction to Bitcoin

In response to Bitcoin price’s new all-time high, Saylor shared an AI-generated image of himself as an astronaut on the moon. In that image, he proudly planted an orange flag emblazoned with the BTC logo. It symbolizes Bitcoin’s meteoric rise and his unwavering support for the cryptocurrency.

“I will see you on the moon. #Bitcoin,” Saylor stated.

Under Saylor’s post, positive reactions flooded in from the Bitcoin community, with one user writing, “Moon mission confirmed. See you there, captain.” This reflects the community’s growing excitement and bullish outlook on Bitcoin.

MicroStrategy’s deep commitment to Bitcoin began in 2020 and remains relentless. The company has gone all-in on Bitcoin by raising capital through convertible notes. That is already an extremely risky strategy by traditional standards.

Yet, Michael Saylor remained fearless. He stood firm in his belief in Bitcoin’s long-term potential, regardless of criticisms from skeptics.

Michael Saylor remains exceptionally bullish, predicting Bitcoin could soar to millions in the coming decades. Just last month, he projected BTC would grow by 29% annually, potentially reaching $13 Million by 2045.

Likewise, His stance has gained support from others in the financial world. This includes Rich Dad Poor Dad author Robert Kiyosaki, who shared a similarly optimistic view on Bitcoin’s future.

Additionally, experts believe Bitcoin could reach millions in value within the next few years. It could be fueled by important drivers like rising Bitcoin ETF inflows, a favorable regulatory environment, and other optimistic considerations.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.