The Strategy Executive Chairman and Founder Michael Saylor advocates for the US maxi-sized Bitcoin reserve, claiming to ensure control of cyberspace for the next century and strengthen America's lending power.
Speaking at CPAC in Washington, DC, Saylor advised the US government to buy 20% of its Bitcoin (BTC) supply for anticipated national strategy preparation.
“There's room for one nation-state to buy 20% of the Bitcoin network,” Saylor said, adding, “I think that's what it is and I think it's going to become the US.” US authorities will need to purchase 3.9 million bitcoins in addition to the current 207,000 BTC Troves to realize Saylor's vision. That effort costs $392 billion at today's prices.
The US Senate is considering a more conservative approach. Wyoming Sen. Cynthia Ramis suggests that while the US has accumulated 5% of its Bitcoin supply, President Donald Trump's crypto team is currently assessing the feasibility of the BTC reserve I'm doing it.
At CPAC, Saylor reiterated that the US must be a nation to win 20% of the Bitcoin network.
“It's a way to enrich ourselves and emerge as creditors in the next 10 years. It's also a way to ensure we're economic leaders in cyberspace for the next 100 years.”
Saylor explained that US BTC adoption will drive a rush of sovereignty over assets of both allies and rivals. The strategy is the world's largest company BTC holder, boasting nearly $50 billion in Bitcoin. The company plans to raise another $2 billion to buy more BTC.
