- Saylor wants the US to own 1M-4.2M BTC in 10 years
- The price of Bitcoin is filled in, despite the potential nation state FOMO.
Michael Saylor, founder of Strategy (formerly Micro Strategy), has doubled his calls for the United States to acquire 5% -20% of the total Bitcoin [BTC] Delivery.
During the inaugural crypto -top in the White House, Saylor shared his framework for American digital dominance in the 21st century. Part of the proposal outlined a BTC acquisition plan of 10 years.
According to Saylor’s plan, if the US acquires 5% -20% delivery (1.05 m-4.2 million BTC), this can generate $ 16- $ 81 trillion in the coming 20 years and help relieve the sticky tax debt problem. However, the plan would cost $ 90 billion – $ 362 billion at current prices.
Worth to point out that it is not the first time that the Exec has called on the United States to control 20% of the Bitcoin’s market. Last month, Saylor warned That another country would seize the chance if the US did not, with reference to aggressive bids from the VAE, Russia and China.
Bitcoin nation state FOMO probably?
Brian Armstrong also repeated the potential FOMO on Bitcoin through other countries after the president had founded the American strategic BTC reserve. He said”
“The rest of the G20 looks at America on infringement in this industry (Bitcoin, Crypto), and will probably follow.”
According to Arkham Data, the US government currently has 198k BTC, worth $ 17 billion at current prices. However, market analysts have stated that some of the forfeiture can be sent back to Bitfinex, which may reduce the stock to 88k BTC.
How the US government would assume ‘budget -neutral strategies’ to acquire more BTC, as instructed by executive order, can still be seen.
However, the Nation State FOMO could quickly pick up. According to recently reportThe best financial insiders in South Korea also want authorities to consider a strategic BTC reserve. Such a FOMO can positively influence the value of BTC.
On the contrary, the short -term reaction at the US Strategic BTC Reserve has been a typical “Sell the News” event. Despite the Bullish update, the world’s largest cryptocurrency fell from $ 92.8k to $ 86.8k – a decrease of 8%.
Even the price projection at the end of March did not look positive at the time of the press. According to the site of forecasts PolymarketThe market expects a likely dump to $ 70k instead of a strong rally above $ 100k. A similar prospect was also clearly among option traders.
According to Deribit’s data, options traders have only priced a 12% chance that BTC would reclaim $ 100k at the end of March.
Source: Deribit
