Popular Bitcoin firebrand Michael Saylor believes the US government should acquire 20% of the BTC in existence.
While speaking at the Conservative Political Action Conference (CPAC) this week, the Strategy executive chairman argued that BTC was digital property and an important tool for the US to “own cyberspace” in the future.
“Right now you can literally buy it for a song and dance. That’s the opportunity.
The risk is that you wouldn’t want the Saudis to buy it first, or the Russians or the Chinese or the Europeans. And there’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States. I think it will be the United States. It’s a way for us to enrich ourselves and emerge as a creditor nation in a matter of a decade. It’s also a way for us to ensure that we’re the economic leaders in cyberspace.”
Strategy (formerly known as MicroStrategy) owns the largest Bitcoin corporate treasury in the world, with 478,740 BTC worth around $46 billion at time of writing.
Wyoming Senator Cynthia Lummis, a vocal crypto supporter, shared a clip of Saylor’s CPAC appearance on the social media platform X.
“If all we do is address the sins of the past (the national debt) it’s worth doing. But there are many reasons to take a hard look at a Strategic Bitcoin Reserve.”
At time of writing, Bitcoin is worth $96,264.
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