Can Bitcoin Help the US Pay Off Its $36 Trillion Debt?
Michael Thaler, Chairman micro strategy An outspoken Bitcoin advocate, he has laid out a bold vision for how the United States can use Bitcoin to address its staggering $36 trillion national debt. In a recent interview with CNBC, Thaler compared Bitcoin’s historical value to that of Manhattan and said investing in cryptocurrencies today can secure the country’s financial future.
Bitcoin as “Cyber Manhattan”
Thaler described Bitcoin as “the economic capital of the digital world,” which is similar to what bought Manhattan centuries ago. He believes that as Manhattan continues to grow in value, Bitcoin offers similar long-term investment opportunities.
“If I could go back in time, I would buy Manhattan every year for 300 years,” Thaler said. He believes that Bitcoin has the potential to grow 100 times, making now the best time for the US government to invest.
Thaler further suggested that the United States establish a strategic Bitcoin reserve and either sell part of its gold holdings or borrow part of its resources to purchase Bitcoin.
Saylor said holding 20-25% of Bitcoin reserves would attract global capital, strengthen the U.S. dollar and drive economic growth. He compared the strategy to MicroStrategy’s own approach to Bitcoin acquisitions.
MicroStrategy continues to buy Bitcoin
On December 16, Michael Saylor announced that MicroStrategy had increased its Bitcoin holdings by 15,350 BTC. The latest purchase cost approximately $1.5 billion, with the average price per Bitcoin sitting at $100,386.
At the same time, this new acquisition increases the company’s total Bitcoin reserves to An impressive 439,000 BTC. MicroStrategy spent approximately $27.1 billion building this portfolio, with the average purchase price per Bitcoin being $61,725.
Bitcoin’s Journey to $13 Million
Saylor shared his bullish outlook for Bitcoin, predicting annual price growth of 29%. At this rate, Bitcoin could be worth a staggering $13 million by 2045. However, Bitcoin’s journey to millions of dollars depends on factors such as ETF inflows and favorable regulation
