- In a fervent plea, Saylor has beseeched the United States to seize 20% of Bitcoin before the rest of the world does.
- The executive posits that the United States could alleviate its burdensome debt within a decade by embracing a BTC reserve.
Michael Saylor, the illustrious founder of Strategy, formerly known as MicroStrategy, has taken it upon himself to implore the United States to grasp firmly the reins of 20% of the total Bitcoin supply, lest it finds itself overshadowed by the ambitions of other nations. Ah, the audacity of hope! 🌍
In a recent oration at the CPAC conservative gathering, Saylor proclaimed with the fervor of a prophet:
“There’s only room for one nation-state to buy up 20% of the Bitcoin network, and obviously, I think it should be the United States; I think it will be the United States.”
Offsetting U.S. Debt
With the confidence of a man who has just discovered a hidden treasure, Saylor elaborated that should the U.S. secure 20% of BTC in a mere heartbeat, it could begin to chip away at its monumental debt. Imagine that! 💸
“The US could own 20% of the ‘Bitcoin’ network like that. The dollar would strengthen, the nation would be enriched, and the real promise is if you own 4-6 million BTC, you’re going to pay off the national debt.”
Our modern-day champion of Bitcoin reiterated that there exists but one nation-state capable of amassing 20% of BTC. Yet, he cautioned against allowing the Saudis, Russians, Chinese, or Europeans to snatch it up first. Oh, the drama of international finance! 🎭
He continued, with a glint of ambition in his eye:
“It’s a way (US having +4M BTC) to enrich ourselves and emerge as a creditor nation in a matter of a decade. It’s a way to ensure we’re the economic leaders in cyberspace for the next 100 years.”
At present, the United States finds itself shackled by a staggering $36 trillion in fiscal debt. Saylor, with the optimism of a child believing in fairy tales, asserts that Bitcoin’s current market cap of $2 trillion could soar to $20 trillion within the next 4-8 years. A tenfold increase in less than a decade? Why not! 🎢
However, it is worth noting that Polymarket’s odds of 45% suggest that the market has yet to fully embrace such a fantastical outcome. Ah, the fickle nature of fortune! 🍀
Nevertheless, Saylor remains steadfast in his belief that Bitcoin serves as an equalizer, empowering individuals and small enterprises to stand toe-to-toe with the titans of industry. In a moment of self-reflection, he even drew a parallel between the performance of Strategy and that of Microsoft. A bold comparison indeed!
For context, Strategy currently possesses 478k BTC, representing 2.28% of the total supply, and is on the cusp of reaching 500k coins. Its stock, MSTR, has been the shining star of the market in recent years, boasting a remarkable +370% gain in 2024. Truly, a tale of triumph! 🌟
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2025-02-22 05:15