Michael Saylor Calls for Bitcoin Only Reserves!

Michael Saylor who is currently a known name in the crypto world. He is the founder of Strategy (formerly MicroStrategy). Who is currently buying bitcoins one by one. He recently made a new call to the United States. He essentially called for the creation of a strategic reserve of bitcoins to reinforce the United States' leadership in the digital economy. Bitcoin could become an invaluable asset in the future so he stressed that Bitcoin represents a safe way of saving for individuals, companies and governments. A few days ago, US President Donald Trump announced Bitcoin and Ether as reserve assets. Currently, Michael Saylor likens it to a digital land that the US government must secure its share of before international competitors overtake it.




[source](https://pixabay.com/photos/bitcoin-currency-finance-coin-3327922/)


Basically, in the present time, gold or many countries US dollars or any stable object is kept as a reserve. Basically, such reserve assets are kept to protect economic stability and financial sovereignty. Bitcoin can play an important role in protecting a country's economic stability and financial sovereignty, and the Bitcoin Reserve will serve as one of the strategies, he declared. Saylor noted that the reserve is not only about storing bitcoins, but also about establishing the United States' position as a global digital power.


He called for the declaration of Bitcoin as a reserve because he emphasized the need to establish clear regulations that distinguish between digital products such as Bitcoin, digital currencies and digital securities to ensure transparent storage of this asset. Although we saw a few days ago US President Donald Trump surprised the financial community by announcing that he was considering including alternative currencies such as Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) in the US cryptocurrency reserve. But Saylor emphasized that only Bitcoin qualifies as a reserve asset. He is in favor of declaring only Bitcoin as a reserve instead of other currencies. One of the advantages of declaring Bitcoin as a reserve is that it is not tied to a central issuer. Not only him but others have also argued in favor of declaring Bitcoin as a reserve only.