| Michael Saylor says the US should buy Bitcoin and sell its gold estimated value of $1 trillion. He says doing so would cause Bitcoin to soar wiping out US debt. Other countries currency would crash along with their gold, making the USD the undisputed king again. Everyone knows the US can't pay off its $37,000,000,000,000 debt, it's so vast paying it off the old way by devaluing the USD would make the dollar virtually worthless. And the debt can't be put off much longer it will have to be addressed soon like one or two years at most, interest on the debt is now the number one expense of the US. I don't think Michael Saylor's idea will happen, but it does make me wonder, what options does the US have to control or better yet erase all or at least reduce it meaningfully. Taking the advice of Buffet buy when there's blood in the streets, I'm working on a of Silver and Copper list to buy in the highly probable case of a stock market crash. Why silver and copper because they are the best conductor of electricity. The world is going to need lots more electricity with all the AI data centers, adoption of EV's, storage batteries and electrification of industries. Gold may be over bought in the short term; a pullback may be another buying opportunity. |
