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Michael Saylor Pitches Bitcoin to US Financial Services Committee: Details
In a recent presentation, Michael Saylor, the CEO of MicroStrategy, pitched the idea of using Bitcoin as a digital asset for financial transactions and economic growth. He presented his proposal to the US Financial Services Committee, emphasizing the potential benefits of integrating Bitcoin into the economy.
According to sources, Saylor’s proposal revolves around utilizing digital assets such as digital tokens (which offer utility), digital NFTs (non-fungible tokens), and digital ABT (a digital asset backed by a physical asset, like gold or oil). He claims that these digital assets can be legalized and utilized in the digital economy to boost the real US economy.
One of the most significant points made by Saylor is the creation of a Strategic Bitcoin Reserve, which he believes will create ” $16-81 trillion in wealth for the US Treasury.” This initiative aims to provide a pathway for the government to offset national debt.
Saylor’s presentation also highlights the potential benefits of incorporating digital assets into traditional financial systems. He emphasizes that this integration can promote personal freedoms and drive creativity, invention, and prosperity.
Source: https://u.today/michael-saylor-pitches-bitcoin-to-us-financial-services-committee-details
