capitals coming from overseas it's coming from China from Russia from Europe from Africa from Asia from the 20th century to the 21st century so what's compelling about it is if the United States takes a position in the emerging crypto economy if it buys up 10 20% of the Bitcoin Network we're going to pay off the national debt and so why wouldn't that be in the interest of the United States Michael sailor has long been one of bitcoin's most vocal and not to mention most informed advocates but his recent discussions with lawmakers and political leaders have
taken his mission to another level with Donald Trump now expressing support for a US crypto Reserve sailor's influence appears to be at the heart of a major shift in financial strategy could the idea of a government-backed Bitcoin fund really be the key to solving the national debt crisis and more importantly is this a sign that cryptocurrency is finally being recognized as a Cornerstone of the modern economy I've met with um a bunch of senators uh on the Democratic and the Republican side uh a bunch of Congress uh people few members of cabinet um you know
a few members of uh the administration and uh anybody that wants to talk you you know me for the last four and a half years I'm want to talk about Bitcoin to anybody anywhere in the world every day sailor has been Relentless in spreading his message about bitcoin's potential his meetings with you us lawmakers suggest that the tide May finally be turning what was once dismissed as a fringe asset is now being considered for inclusion in a strategic government fund but the big question remains why would the US government need Bitcoin in the first place
Bitcoin is not competing with the dollar it's competing with International real estate Global equities expensive money managers on Wall Street and any long range investment that somebody makes and so right now about $2 trillion in in Bitcoin it's going to 20 trillion then it's going to 200 trillion sailor makes it clear that Bitcoin isn't just another currency it's an entirely new asset class that stands to rival the biggest markets in the world if the US fails to recognize this other nations will fill the Gap the argument is simple invest now while Bitcoin is still undervalued
or risk losing economic dominance to countries that do the AIS the foreigners the Europeans the 20th century capitalist they're all going to cyberspace and so the United States has the ability to buy this for a nickel and pay off the national debt to sailor the opportunity is as historic as purchasing the Louisiana Territory or buying Alaska he views Bitcoin as the most valuable economic asset of the 21st century capable of transforming National wealth if the US acts quickly but just how realistic is this vision and how would such an initiative even be funded I mean
I think that i' leave that to the president's working group they'll eventually decide what they want to do and the scale they want to do it there are a dozen people on it uh the head of the treasury the SEC the cftc Commerce the Attorney General uh the president I'm sure will opine while sailor might not be the one making the final decision his influence on policy makers is undeniable the involvement of top Financial regulators government officials and even Trump himself suggests that Bitcoin has moved Beyond being a speculative asset it's now a strategic economic
tool that's actually why most of the focus is on is on the digital commodity and that's what makes Bitcoin special the Satoshi was The Insider he left a million Bitcoin for all of humanity forever and walked away without ever benefiting and that's what makes Bitcoin special sailor's philosophy centers on the idea a that Bitcoin is different from anything that has come before it it's not controlled by any Corporation government or Central Bank it belongs to the people that's what makes it the perfect foundation for a financial Revolution Michael sailor's discussions with lawmakers and Trump's increasing
interest in Bitcoin suggests that cryptocurrency's role in global Finance is evolving faster than many expected what was once considered a niche technology is now at the Forefront of economic strategy the idea of a US Bitcoin Reserve is no longer just speculation it's being actively considered at the highest levels of government but is this truly the beginning of a Bitcoin driven economic strategy for the United States or is it just another political move to capitalize on crypto's growing influence we have till July 22nd when the digital assets framework and recommendations from the executive order are due
on the president's desk it should be interesting to watch what happens between now and then will the US government Embrace Bitcoin as a strategic asset or will regulatory roadblocks keep it at arms length let us know your thoughts in the comments below as always thanks for watching and we'll see you next time
