Michael Saylor urges US to buy 20% of Bitcoin for digital economy dominance

Key Takeaways

• Michael Saylor advocates the US government to acquire 20% of Bitcoin to dominate the digital economy.
• The US currently holds over 198,109 Bitcoin, valued at over $19 billion, positioning it as a leading government holder.

A few hours ago, Michael Saylor, executive chairman of Strategy, called on the US government to acquire 20% of Bitcoin’s network today at the Conservative Political Action Conference (CPAC), arguing it would secure America’s dominance in the digital economy.

“If you want to own the future, you want to own cyberspace. How do you own cyberspace? You own Bitcoin, and then you run the Bitcoin network. You mine Bitcoin; you own Bitcoin,” Saylor said.

Saylor predicted the US could implement such a strategy within 12 months, citing growing appreciation for Bitcoin across the cabinet, House, and Senate.

“There’s only room for one nation-state to buy up 20% of the network. And obviously, I think it should be the United States. I think it will be the United States,” declared the CEO of Strategy.

The Bitcoin advocate suggested that owning four to six million Bitcoins could help address the national debt, projecting potential benefits of “$50 trillion to $80 trillion” for US taxpayers.

The US currently holds 198,109 Bitcoin, valued at over $19 billion, positioning it as the largest government holder of the digital asset.

Separately, this morning Strategy announced $2 billion issue pricing , with an option for purchasers to acquire an additional $300 million.

Last December, Michael Saylor published a Bitcoin and crypto framework for the US government and supported the establishment of a US strategic Bitcoin reserve, aligning with a proposal to strengthen America’s stance in the global digital economy.