Co-founder and Executive Chairman Strategy (formerly MicroStrategy) Michael Saylor said that only one nation is capable of buying up 20% of the world’s bitcoin supply, and in his opinion, it would be the United States of America. Thus, owning 4-6 million BTC could help the United States pay off its national debt, which exceeds $34 trillion.
«The U.S. could own 20% of the network in this way — for free, — said Saylor. «The dollar would be strengthened, the nation would be enriched, and we could realize a benefit to the United States of $50 to $80 trillion».
Saylor compared bitcoin to historical US acquisitions such as the Louisiana Purchase and the Alaska Purchase. He emphasized that bitcoin is a new digital frontier that the US must control before competitors, including China, Russia, and Europe, do.
He also hinted that Donald Trump understands the value of bitcoin and that political leaders are discussing its role in the US economy. Saylor claims that bitcoin can help reduce the national debt and strengthen the country’s financial stability.
If the US does decide to buy back 20% of the BTC stock, it could have a huge impact on the cryptocurrency market and the global financial system. Such a move would significantly strengthen the US position as a leader in digital assets, as well as strengthen the dollar by including bitcoin in government reserves.
Source: Michael Saylor
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