- Saylor has begged the United States to buy 20% of Bitcoin before other countries do so
- Exec is of the opinion that the United States can compensate for its debt in a decade if it takes on a BTC reserve
Michael Saylor, the founder of Strategy (formerly Micro Strategy), has insisted on the United States to have 20% of the total Bitcoin supply to guarantee future dominance.
In a recent speech on the CPAC Conservative Conference, Saylor stated”
“There is only room for one nation state to buy 20% of the Bitcoin network, and of course I think it should be the United States; I think it will be the United States. ‘
Compensate our debts
Saylor added that if the US owns 20% of BTC, it could free up part of its debt.
“The US can thus possess 20% of the ‘Bitcoin’ network. The dollar would strengthen, the nation would be enriched, and the real promise is that if you own 4-6 million BTC, you pay off the national debt. “
The modern champion of Bitcoin repeated that there is only room for one nation state to create 20% of BTC. However, he warned that the US would not have Saudis, Russians, Chinese or Europeans buy it first.
He added,
“It is a way (we have +4m BTC) to enrich ourselves and to appear in a matter of ten years as a creditor. It is a way to ensure that we are the economic leaders in Cyberspace for the next 100 years. “
At the moment, the United States has around $ 36 trillion on tax debts. According to Saylor, the current market capitalization of BTC of $ 2 trillion could rise to $ 20 trillion in the next 4-8 years. That is a potential growth of 10 times in less than 10 years, and he is guessing that it can help compensate for part of the tax debt if they accumulate now.
However, worth pointing out that polymarket’s chances 45% revealed that the market has not yet completely priced in such a result.
Yet Saylor believes that Bitcoin is an equalizer who could enable an individual or a small company to compete with dominant players. In fact, the Exec also attracted a comparison between the performance of the strategy and Microsoft.
For context, Strategy 478K has BTC or 2.28% of the total BTC nutrition and can be on schedule to hit 500K coins soon. The stock, MSTR, is the best performing share in recent years, with a profit of +370% in 2024.