Michael Saylor Urges U.S. to Sell Gold, Buy Bitcoin

MicroStrategy executive chairman Michael Saylor is once again stirring the pot, urging the U.S. government to sell its gold reserves and buy Bitcoin to strengthen the nation’s economic dominance.

In a bold interview with Yahoo Finance, Saylor proposed that America could swap its 8,133 tons of gold—valued in the hundreds of billions—for 5 million Bitcoin, establishing a groundbreaking Bitcoin national reserve.

Saylor’s Case: Bitcoin > Gold

Saylor, a vocal Bitcoin advocate, dismissed gold as an outdated and ineffective store of value.

“Dump your gold, sell all the U.S. gold, and buy Bitcoin because you can buy 5 million Bitcoin for the cost of the gold,” Saylor remarked.

He explained that gold’s vulnerabilities—like logistical challenges in transport—make it inferior to Bitcoin’s portability and security.

Trading gold for Bitcoin, Saylor argued, could propel U.S. assets to $100 trillion in value, while also devaluing gold assets held by geopolitical rivals.

“You’ll demonetize the entire gold asset class, and our enemies hold gold in their banks,” Saylor said.

The U.S. currently leads the world in gold reserves, with gold comprising 72% of the nation’s financial holdings, according to TradingEconomics.

Bitcoin Could Replace Gold

Saylor’s vision aligns with predictions from Bernstein Research that Bitcoin will replace gold as the world’s premier store of value by the end of the decade.

With Bitcoin’s market cap rapidly climbing, Saylor previously forecasted that the cryptocurrency would eventually surpass gold’s $45 trillion market cap and hit a staggering $280 trillion valuation.

Trump’s Pro-Bitcoin Stance

Saylor’s comments come as President-elect Donald Trump pushes his vision for a Bitcoin Strategic Reserve, aiming to make Bitcoin the dominant national asset and propel the U.S. to crypto leadership.

With Trump’s crypto-friendly policies on the horizon, industry watchers believe America could take the lead in institutional Bitcoin adoption, further driving Bitcoin’s economic potential.

Michael Saylor’s call to “sell gold, buy Bitcoin” underscores the growing sentiment that Bitcoin offers superior economic value and strategic advantages. As Bitcoin continues to gain adoption and political support, its path to replacing gold may be closer than ever.