Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor
Michael Saylor of MicroStrategy advocates for the U.S. government to create a strategic reserve of bitcoin, claiming this could be the 'greatest deal of the 21st century.' If passed, a bill by Sen. Cynthia Lummis would aim to increase the nation's bitcoin holdings from about 200,000 to one million over five years. Saylor argues that securing such a reserve would protect the dollar and highlight the potential of bitcoin as a capital asset. He cites historical examples where the U.S. government's strategic purchases, like the Louisiana Purchase and acquisitions in the 19th century, yielded substantial returns. Saylor believes that with a Republican majority, the likelihood of the bill being passed has increased, potentially leading to a $16 trillion gain for the U.S. economy. He suggests an even more ambitious 'Trump Max' scenario with a purchase of four million bitcoins, which could yield an $81 trillion return.
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