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Michael Saylor: US Government Should Own Majority of All the Worlds Bitcoins in Order to Save Us From Ourselves Because Clearly We Cant Be Trusted With Our Own Money

BitcoinCrypto NewsFeatured 2 Sam Rogers August 15, 2024

An illustration of a giant dollar sign standing on top of Manhattan, with skyscrapers and buildings made out of gold coins; at its base is an image of Louisiana being sold to the United States for beads, Alaska with oil rigs, and New York City's Port. In the background are images of computers and servers representing cyberspace, while a giant bitcoin symbol rises above them all. The dollar sign has arms around itself holding onto gold coins as if protecting its value; at its feet is an image of Saylor speaking to people in front of him with open hands gesturing towards the future.

You know, when I read about Michael Saylor’s latest brain fart – that the US government should buy up all the Bitcoin out there to strengthen the dollar – I couldn’t help but chuckle at the sheer absurdity of it all. This is a guy who has made his fortune by investing in what he thinks will be valuable tomorrow, and now he wants us to believe that buying into an asset created from thin air (and which only exists because some nerds with too much time on their hands decided to create it) will somehow magically shore up the value of our currency. Give me a break! Saylor’s analogy about Manhattan is laughable – we didn’t buy New York for trinkets, and if he thinks Bitcoin is worth hundreds of trillions (it isn’t), then maybe someone should tell him that his math skills need some work

Source: bitcoin.com

Michael Saylor: US Government Should Own Majority of Bitcoin in the World
https://news.bitcoin.com/michael-saylor-us-government-should-own-majority-of-bitcoin-in-the-world
Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country is in cyberspace, and, bitcoin is, in essence, cyber Manhattan.” Michael Saylor, executive chairman of […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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