US Can Make $81 Trillion with Strategic Bitcoin Reserve
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Michael Saylor revealed for the first time an unprecedented mechanism for illustrating precisely how the United States government could create $81 trillion by creating a Strategic Bitcoin Reserve. The proponent’s plan underlines a strategic digital asset policy aimed at strengthening the US dollar to neutralize national debt, place America as a leader of the 21st-century digital economy, empower a majority of businesses, drive unparalleled economic growth, and, therefore, create immense value. Michael Saylor: $81 Trillion Possible with US Strategic Bitcoin Reserve Michael Saylor has unveiled a groundbreaking strategy demonstrating how the United States government could generate $81 trillion by establishing a Strategic Bitcoin Reserve. A key component of Saylor’s approach is the taxonomy in defining the classes of digital assets. This classification should provide much-needed clarity on what differentiates each class of asset from others. A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. https://t.co/7n7jQqPkf1 — Michael Saylor⚡️ (@saylor) December 20, 2024 Digital commodities like Bitcoin, not issued by any person or organization and backed by digital power, differ from digital securities backed by equity, debt, or derivatives. The framework includes digital currencies backed by fiat, utility digital tokens, non-fungible tokens representing unique assets, and asset-backed tokens tied to physical resources like gold or oil. These definitions will be fundamental in fostering innovation and moving the policy discussion forward. Saylor stresses the need to actually create a framework of legitimacy, so much pushed forward by Senator Cynthia Lummis. The framework should, according to Michael Saylor, delineate the rights and responsibilities of all participants within the digital asset ecosystem. Issuers shall have the responsibility to create assets while ensuring fair disclosure and maintaining ethical…
