Michael Saylor Advocates for U.S. to Sell Gold Reserves and Invest in Bitcoin

Michael Saylor Advocates for U.S. to Sell Gold Reserves and Invest in Bitcoin

Michael Saylor, a prominent Bitcoin advocate and co-founder of MicroStrategy, has called on the U.S. government to divest its gold reserves in favor of Bitcoin. Currently, gold accounts for more than half of the country’s financial reserves, making the United States one of the largest holders of the precious metal globally.


The Case Against Gold

As of December 9, TradingEconomics data reveals that the U.S. holds 8,133 tons of gold, which constitutes 72% of its total reserves. Gold has long been a cornerstone of the country's financial security, dominating international commodity trading.


However, Saylor’s vision diverges sharply from tradition. Speaking in an interview on Yahoo Finance’s Market Domination series, he urged the government to sell its gold and redirect those funds into Bitcoin, positioning it as a superior hedge against inflation and a stronger national reserve asset.


“Dump your gold, sell all the U.S. gold, and buy Bitcoin because you can buy 5 million Bitcoin for the cost of the gold,” Saylor stated. “You’ll demonetize the entire gold asset class, and our enemies’ holdings in gold will plummet in value, while our Bitcoin reserves soar into trillions of dollars.”


Bitcoin: A $280 Trillion Opportunity?

Saylor’s optimism extends beyond Bitcoin’s current market valuation. He projects that Bitcoin’s market capitalization could reach $280 trillion, dwarfing gold’s $45 trillion valuation. Presently, Bitcoin’s market cap stands at approximately $2 trillion.


To support this vision, Saylor’s company, MicroStrategy, has amassed 402,100 Bitcoins, worth roughly $40 billion. The company continues to purchase Bitcoin weekly, reinforcing Saylor’s belief in the asset’s long-term potential.


Political and Institutional Backing

Saylor’s call aligns with broader political discussions surrounding Bitcoin’s role in the U.S. economy. Earlier this year, President-elect Donald Trump proposed the idea of a Bitcoin Strategic Reserve during a speech to the Bitcoin community. This vision was formalized in the BITCOIN Act, introduced by Republican Senator Cynthia Lummis, which underscores Bitcoin’s utility in combating inflation.


This movement has inspired international and corporate interest. Presidential candidates in Poland and Suriname have included Bitcoin in their economic platforms, while major corporations like Microsoft and Amazon face growing shareholder pressure to incorporate Bitcoin into their balance sheets.


The Shift from Gold to Bitcoin

Saylor’s strategy reflects a broader sentiment among Bitcoin proponents who view the digital asset as the ultimate store of value in the 21st century. By transitioning from gold to Bitcoin, Saylor argues, the U.S. could strengthen its economic position while diminishing the financial leverage of rival nations holding significant gold reserves.


As Bitcoin adoption grows among institutions, governments, and individuals, the debate between traditional and digital assets continues to heat up. Whether Saylor’s bold proposition gains traction remains to be seen, but his advocacy is undeniably shaping the discourse on Bitcoin’s future role in global finance.

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