MicroStrategy
executive
chairman
Michael
Saylor
said
Bitcoin
could
help
solve
half
the
world’s
economic
problems,
especially
for
countries
struggling
with
challenges
related
to
rising
national
debt.
Saylor
made
the
statement
during
his
presentation
at
the
Bitcoin2024
conference,
where
he
emphasized
the
transformative
potential
of
Bitcoin
and
its
role
in
reshaping
the
global
economy
with
digital
capital.
He
said:
“The
world,
as
we
know
it,
is
based
on
20th-century
ideas
and
technology.
If
we
want
to
prosper
in
the
21st
century,
we
need
new
ideas
based
on
new
technology.”
Saylor’s
presentation
included
a
discussion
on
the
future
value
of
Bitcoin.
He
projected
that
by
2045,
Bitcoin
could
reach
$13
million
per
coin,
based
on
a
conservative
annual
growth
rate.
He encouraged
individuals,
corporations,
and
nations
to
adopt
Bitcoin
as
a
primary
treasury
asset
and
utilize
it
for
long-term
capital
preservation.
Nations
and
Bitcoin
Saylor
advocated
reallocating
treasury
reserves
from
gold
and
bonds
to
Bitcoin,
issuing
currency
and
debt
to
buy
Bitcoin,
and
enacting
favorable
laws
to
encourage
Bitcoin
ownership.
He
suggested
that
the
first
country
to
fully
embrace
Bitcoin
could
gain
a
significant
economic
advantage.
According
to
Saylor:
“The
first
country
to
buy
Bitcoin
by
issuing
its
own
currency
wins.”
He
explained
how
nations,
especially
those
with
significant
debt,
could
use
Bitcoin
to
solve
their
economic
problems.
He
proposed
a
strategy
where
indebted
countries
could
reallocate
their
treasury
reserves
from
short-term
assets
like
gold
and
bonds
to
Bitcoin,
a
long-term
digital
asset.
By
doing
so,
these
countries
could
leverage
Bitcoin’s
growth
potential
to
pay
off
debt
and
even
achieve
economic
prosperity. He
outlined
several
strategies
for
nations
to
adopt
Bitcoin,
ranging
from
modest
allocations
to
aggressive
investments.
The
“maxi”
strategy
involves
putting
a
third
of
a
nation’s
treasury
into
Bitcoin,
while
the
“double
maxi”
strategy
suggests
a
65%
allocation.
The
most
aggressive
approach,
the
“triple
maxi”
strategy,
recommends
placing
all
treasury
assets
into
Bitcoin
and
issuing
debt
to
acquire
even
more.
Saylor
succinctly
explained:
“The
normie
strategy
is
you
owe
$3
trillion.
You’re
not
getting
anywhere.
The
maxi
strategy
pays
off
your
debt.
The
double
maxi
strategy
makes
you
rich.
The
triple
maxi
strategy
makes
you
very
rich.
Why?
Because
you’re
buying
the
property
that
everybody
is
running
to
in
100
years
and
you
just
go
buy
it
now.”
Archaic
systems
Saylor’s
presentation
highlighted
the
inefficiencies
of
the
current
financial
system,
which
he
described
as
slow
and
expensive.
He
pointed
out
that
global
wealth
is
estimated
at
$900
trillion,
with
Bitcoin
representing
a
mere
$1
trillion
of
that
amount.
Saylor
emphasized
that
the
global
economy’s
reliance
on
outdated
systems
cripples
capital
preservation,
saying:
“The
global
economy
struggles
because
we’re
relying
upon
imperfect
assets
and
imperfect
systems
to
store
that
capita.
It’s
crippling
our
capital
preservation.”
He
discussed
the
concept
of
“the
physics
of
money,”
likening
energy
to
money
or
capital,
and
discussing
the
importance
of
money’s
“lifespan.” He
compared
various
assets,
from
currencies
like
the
Turkish
lira
and
the
US
dollar
to
physical
assets
like
gold
and
real
estate,
highlighting
their
vulnerabilities
to
inflation,
depreciation,
and
other
factors.
In
contrast,
he
portrayed
Bitcoin
as
an
“immortal,
immutable,
and
immaterial”
form
of
capital
that
offers
a
significantly
longer
lifespan
and
greater
resilience.
According
to
Saylor:
“Bitcoin
is
digital
capital.
It’s
got
an
infinite
lifespan.
It’s
not
being
attacked
by
the
forces
of
weather,
entropy,
and
inflation.
It
solves
the
problem
that
we’re
all
facing.”
Mentioned
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article
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Author: Assad Jafri
