Saylor Urges US Bitcoin Buy-In
Saylor's Bold Bitcoin Proposal for US Digital Dominance
Michael Saylor, Chairman of MicroStrategy, recently advocated at CPAC for the US government to purchase 20% of Bitcoin. His argument centers on securing America's leadership in the burgeoning digital economy.
Key Takeaways:
- Saylor's proposal: The US government should acquire a significant portion of Bitcoin (20%) to gain a dominant position in the digital economy.
- Current US holdings: The US government already holds over 198,109 Bitcoin, valued at over $19 billion, making it a major holder among governments globally.
Speaking at the Conservative Political Action Conference (CPAC), Saylor emphasized the strategic importance of Bitcoin ownership, stating, “If you want to own the future, you want to own cyberspace. How do you own cyberspace? You own Bitcoin, and then you run the Bitcoin network.”
He expressed confidence in the feasibility of this strategy, predicting its implementation within 12 months, citing growing support for Bitcoin among government officials. Saylor believes that only one nation-state can realistically acquire such a large percentage of the Bitcoin network, and he asserts it should be the United States.
Saylor further suggested that owning four to six million Bitcoins could significantly aid in addressing the national debt. He projects potential benefits of $50 trillion to $80 trillion for US taxpayers.
This proposal builds on Saylor's December 2024 publication of a Bitcoin and crypto framework for the US government, which included a suggestion for establishing a strategic Bitcoin reserve to strengthen America's position in the global digital economy.
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MicroStrategy's Recent Developments
Coincidentally, MicroStrategy announced a $2 billion convertible debt issuance, with an option for an additional $300 million, further highlighting the company's commitment to the Bitcoin space.