Michael Saylor urges U.S. to buy 20% of Bitcoin before rivals
At the Conservative Political Action Conference (CPAC) in Miami, which gathered supporters of Donald Trump, MicroStrategy's Executive Chairman Michael Saylor called for the urgent adoption of a U.S. Bitcoin reserve law. He compared the impact of this move to historic territorial acquisitions like the Louisiana Purchase in 1803.
During his CPAC speech, Saylor emphasized the economic significance of digital assets in the 21st century, arguing that “the economy is not banks moving money once a day, but a billion computers processing transactions at the speed of light.”
Saylor predicts that Bitcoin’s market capitalization will reach $200 trillion, and if the U.S. acquires a significant share, it could eliminate national debt and dominate the digital economy.
He believes that Washington will officially start buying Bitcoin within 12 months and that lawmakers are already enthusiastic about the idea. However, if the U.S. does not act quickly, it may miss out on "the greatest financial power shift in history.”
“The U.S. could own 20% of the Bitcoin network essentially for free,” Saylor added, stressing that “the dollar will strengthen, the country will prosper, and we could generate $50 trillion to $80 trillion in benefits for the United States.”
Bitcoin is America’s next Alaska
Saylor compared Bitcoin’s potential strategic value to some of the largest territorial acquisitions in U.S. history. According to him, America became great by purchasing Louisiana from France.
“Then we bought Texas and California from Mexico. Then Alaska from Russia for $7.2 million. At the time, they called it ‘Seward’s Folly,’ but Alaska alone generated trillions in economic value. Now we are witnessing the same game, but in cyberspace,” Saylor stated.
The businessman argues that to secure dominance in Bitcoin’s blockchain, the U.S. must be the first to establish a Bitcoin reserve. If other countries act first, they could acquire 20% of Bitcoin’s total supply, sidelining the U.S. from the future global financial system.
As we wrote, Strategy, a leading business intelligence firm headed by Michael Saylor, has announced a significant financial maneuver. The company proposes a private offering of $2.0 billion in 'convertible senior notes'.
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