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Could Bitcoin Make America $81 Trillion Richer? MicroStrategy’s Michael Saylor Thinks So!
Michael Saylor, the CEO of MicroStrategy, has made a bold prediction that could potentially shake the financial world. He suggests that if the United States adopts Bitcoin as a strategic reserve, it could unlock an astonishing $81 trillion in value.
According to Saylor, this move would allow the U.S. government to leverage the cryptocurrency’s scarcity and growing global value. In his view, adopting Bitcoin would strengthen the U.S. dollar, reduce national debt, and boost the economy by creating trillions of dollars in value.
Saylor also envisions a future where global digital capital markets could expand from $2 trillion to an astonishing $280 trillion, with the U.S. seizing a significant share of this growth. This expansion would potentially create anywhere from $16 trillion to $81 trillion for the U.S. Treasury, opening up massive opportunities for American businesses.
While Saylor’s proposal has garnered attention and sparked debate, not everyone is convinced by his argument. Peter Schiff, an economist and long-time Bitcoin skeptic, took to Twitter to dismiss Saylor’s claims, calling them “complete bullshit.”
Schiff argues that adopting Bitcoin as a national reserve would weaken the dollar, increase national debt, and destabilize the economy. In his view, this move would deprive businesses of power, reduce growth, and destroy value.
While opinions on Saylor’s proposal are deeply divided, one thing is clear: the potential impact of Bitcoin on the U.S. economy is a topic that will continue to dominate conversations in the financial world.
Source: coinpedia.org
