According to Cointelegraph, Michael Saylor, founder of Strategy (formerly MicroStrategy), said at the CPAC Conservative Movement Conference in Washington, D.C., that the United States should establish a strategic reserve of bitcoin, proposing to acquire a 20% share of the bitcoin network.
Michael Saylor pointed out that at current prices, 20% of the supply in circulation is about 4 million bitcoins, worth about $392 billion. He believes that if the United States holds 400-6 million bitcoins, it will help pay off the national debt. By comparison, the US Strategic Petroleum Reserve is about 395 million barrels and is valued at only $29 billion.
Strategy Founder Suggests US to Buy 20% of Bitcoin Circulation
2025-02-21 03:52:37
Cointelegraph reporting strategy microstrategy founder michael saylor Washingtondesk3cryptocurrencydesktopCrypto News
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