MicroStrategy CEO Michael Saylor has continued to defend Bitcoin (BTC). Saylor has now proposed adding cryptocurrency to the US Treasury.
In a recent post on X, Michael Saylor suggested a dollar backed by Bitcoin with the foundational attributes. He stated that such a currency would be in keeping with the American values of privacy and property while strengthening the dollar.
Michael Saylor Proposes Bitcoin-Backed Dollar for U.S.
Michael Saylor has long advocated for Bitcoin and has often explained its usefulness as a store of value. He said that Bitcoin adoption within the US Treasury can improve the financial aspects of privacy and property.
He also views this as a way of beefing up the dollar, given his words: “Nothing is more American than privacy, property rights, and a dollar backed by Bitcoin.”
Nothing is more American than privacy, property rights, and a dollar backed by #Bitcoin. pic.twitter.com/lCS44FT38i
— Michael Saylor (@saylor) July 12, 2024
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