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Cryptocurrency News Articles

Bitcoin: the new gold standard of the 21st century?

Feb 21, 2025 at 11:05 pm

Michael Saylor does not mince his words. For him, bitcoin is not a crypto like the others. It is an “issuer-less asset”, insensitive to the whims of states or companies.

Bitcoin: the new gold standard of the 21st century?

Michael Saylor, the CEO of MicroStrategy, has proposed a bold strategy for the United States government: acquiring 4 to 6 million bitcoins (around 20% of the total supply) to strengthen the dollar and repay the national debt.

This move would be part of a broader geopolitical struggle, as major powers seek to secure their positions in the digital economy of the future.

Bitcoin: The new gold standard of the 21st century?

Michael Saylor is convinced that bitcoin is fundamentally different from other cryptocurrencies. He sees it as an “issuer-less asset”, immune to the whims of государства or corporations.

By snapping his fingers, he claims that the United States could “repay the national debt” by holding 4 to 6 million bitcoins (or 20% of the total supply). This calculation is provocative: at current prices, this reserve would be valued at $392 billion.

Peanuts compared to the $34 trillion American debt? Maybe. But Saylor is betting on future appreciation.

The analogy with oil is striking, however. The U.S. strategic reserve of crude (395 million barrels) is currently valued at only $29 billion. A pittance compared to bitcoin.

Why? Because digital gold, unlike oil, is not consumed. It accumulates. And unlike physical gold, it can be transferred with a click. A major advantage in a world where, according to Saylor, “capital is flowing from physical to digital.”

But the real danger, he insists, is geopolitical. “You wouldn't want the Saudis, the Russians, or the Chinese to buy it first.”

A silent race has begun. The United States, if they lag, risk losing their monetary hegemony. A vision that recalls the Gold Rush of the 19th century… but in a dematerialized form.

MicroStrategy’s Strategy: the laboratory of a revolution

Behind Saylor's striking statements lies a testing ground: MicroStrategy. The company, recently renamed to embody a “mother strategy“, already holds 190,000 bitcoins (around $47 billion).

Its portfolio shows a profit of 51%, and its shares have risen by 360% in a year. A success that validates its thesis: Bitcoin is a “cyberspace” where the economy of tomorrow is being invented.

But how can we convince Washington? Saylor is attacking on two fronts. First, the technological urgency. “One billion AIs will think a million times a second. They will use digital money,” he asserts.

Then, sovereignty. Bitcoin, according to him, allows “an individual [to become] more powerful than the state.” A libertarian philosophy that attracts 12 American states, which have already invested $330 million in his strategy.

One obstacle remains: regulatory skepticism. When asked if he would include other cryptos in a national reserve, Saylor deflects. “Bitcoin has reached escape velocity,” he argues. Translation: altcoins are a distraction. Only BTC dominates, and deserves to be treated as a strategic commodity.

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Other articles published on Feb 23, 2025