Strategy’s Saylor urges US to buy 20% of Bitcoin’s supply

Michael Saylor, executive president and founder of the strategy, pleaded for a maximum size bitcoin reserve in the United States, arguing that it would ensure the domination of cyberspace for the next century and would strengthen the loan power of America .

Speaking at the CPAC in Washington DC, Saylor informed The US government to buy 20% of bitcoin (BTC) Association of the highly awaited national strategic reserve.

“There is only room for a nation state to buy 20% of the Bitcoin network,” said Saylor, adding that it “thinks it should be and will be the United States”. US authorities are expected to buy 3.9 million Bitcoin in addition to its current Trove of 207,000 BTC to achieve Saylor’s vision. This company would cost $ 392 billion today.

The American Senate plans a more conservative approach. Senator Cynthia Lummis of Wyoming proposed that the United States accumulates 5% of the Bitcoin supply, while the cryptographic team of President Donald Trump currently assesses the feasibility of a BTC reserve.

At the CPAC, Saylor reiterated that the United States should be the country to capture 20% of the Bitcoin network:

“It is a way for us to enrich ourselves and to emerge as a creditor nation in a decade. It is also a way for us to make sure that we are the economic leaders of cyberspace for the next 100 years. »»

Saylor explained that the American adoption of the BTC will lead to a sovereign rush for the assets among the allies and the rivals. The strategy is the world biggest Holder BTC of corporate, with nearly $ 50 billion in Bitcoin. The company plans to raise an additional $ 2 billion to buy more BTC.