Citing Cointribune, Michael Saylor, executive chairman of MicroStrategy, urges nations to establish digital banks backed by Bitcoin. These banks would offer high-yield, low-volatility accounts supported by over-collateralized BTC reserves. Saylor estimates such a model could attract $20–50 trillion in global deposits. The proposal includes a 5:1 BTC over-collateralization ratio and a 10% buffer reserve to manage volatility. STRC, a product launched by MicroStrategy, serves as a real-world example of this model. However, critics like former Salomon Brothers trader Josh Man raise concerns about liquidity risks and the challenges of maintaining price stability during mass withdrawals.
Michael Saylor Proposes Bitcoin-Backed Digital Banks for Nations
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