As a researcher, I’ve observed that for the past eleven weeks, including January 19th, MicroStrategy co-founder Michael Saylor has consistently shared Bitcoin (BTC) charts suggesting potential BTC purchases the following day.
Tomorrow, things are expected to change, according to Saylor’s post on social media – possibly hinting at the inauguration of President-elect Donald Trump on January 20th.
On January 13th, the company acquired around 2,530 Bitcoins, worth approximately $243 million, adding to their existing Bitcoin stock which now totals about 450,000 Bitcoins.
MicroStrategy persists in acquiring Bitcoin, aligning with their 21/21 strategy aimed at procuring a total of $42 billion through issuing equity and fixed-income securities. At present, they are the leading corporate entity holding Bitcoin.
Nation states can adopt the debt-to-BTC strategy
Previously, Saylor pointed out that a nation which rapidly produces money or debt, then converts its fiat currency into Bitcoin, might gain an advantage over other countries by leading the way and potentially boosting its economic standing significantly.
The executive proposed a move where the U.S. Treasury swaps its gold holdings for Bitcoin, thus devaluing the gold reserves of hostile nations and increasing America’s Bitcoin reserves at the same time.
By December 2024, Saylor proposed a comprehensive regulatory framework for cryptocurrencies within the United States, encompassing a strategic plan to establish a Bitcoin reserve valued at approximately $81 trillion. In his blueprint for digital assets, he penned down this intention.
“A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy.”
The strategy aimed at increasing the total value of digital assets to an impressive $10 trillion and further developing the digital asset market capitalization up to an astounding $280 trillion.
By November 2024, investment expert Anthony Pompliano advocated for the U.S. government to create a strategic reserve of Bitcoin.
According to Pompliano’s perspective, it would be beneficial for local cities, state administrations, and the national government to strive towards purchasing Bitcoin swiftly and in large quantities.
Similar to Saylor, Pompliano emphasized that time is of the essence, and U.S. officials should consider adopting Bitcoin as a tactical reserve asset to prevent other countries from taking the lead in this area first.
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2025-01-19 19:23