2024

Dollars

Bitcoin

Million

Michael Saylor, co-founder and executive chairman of MicroStrategy, the largest institutional owner of Bitcoin, made a bold statement. Saylor believes that the US government should be the primary owner of Bitcoin, owning the majority of all Bitcoins in the world.
Saylor made this statement at the Bitcoin 2024 commentary desk. A well-known Bitcoin enthusiast, he predicted that the Bitcoin market value will skyrocket to $280 trillion by 2024, a growth of more than 200 times. This prediction follows his previous prediction that Bitcoin's market cap could exceed $100 trillion, pointing to a potential value of $5 million per coin.
To own the majority of all Bitcoins to be mined, the US government would need to own 10.5 million BTC, currently worth $711 billion. As of now, the government has 208,898 BTC worth $14 billion seized from criminals.
Related News: <a href="https://en.bitcoinsistemi.com/goldman-sachs-chief-economist-explains-whether-he-expects-a-rate-cut-from-the-fed/" target="_blank" rel="noopener noreferrer nofollow">Goldman Sachs Chief Economist Explains Whether He Expects a Rate Cut from the Fed</a>
Saylor's vision echoed independent U.S. presidential candidate Robert F. Kennedy Jr. In the same direction as. Earlier this week, Kennedy expressed his desire to have Bitcoin equivalent to the US government's gold holdings. The federal government currently holds the world's largest gold reserves of 8,134 metric tons worth $615 billion.
Kennedy suggested this significant allocation to Bitcoin as part of a basket of hard assets to support the US dollar. Saylor shares this thought and says, “by doing something that is economically rational, you support the dollar.” He cited the construction of the New York port, which strengthened US participation in international trade, as an example of such a decision.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-bull-michael-saylor-speaks-at-bitcoin-conference-suggested-a-price-of-5-million-dollars-per-btc/" rel="noopener noreferrer nofollow">Bitcoin Bull Michael Saylor Speaks at Bitcoin Conference: Suggested a Price of 5 Million Dollars Per BTC</a>

Bitcoin Bull Michael Saylor Speaks at Bitcoin Conference: Suggested a Price of 5 Million Dollars Per BTC

Bitcoin Sistemi EN

Další články publikované 28. 7. 2024

Sen. Lummis Proposes U.S to Buy 5% of Global Bitcoin Supply

Bitcoin is bouncing back, but how far will it go?

Donald Trump Receives Extended Support From Bitgo CEO & JD Vance

BlockDAG & UFC Star Pereira Collaboration Rocks Crypto World As Presale Hits 1400% ROI; STX & PEP...

$1.1 Billion of Dogecoin in 24 Hours: Here's What's Going On

Trump Fuks Kamala (TRUMPKAM) Memecoin Will Explode Over 19,000%, As SHIB and Dogecoin Underperform

Join our free newsletter for daily crypto updates!