Michael Saylor Hints US Will Buy 1 Million Bitcoin For Strategic Reserve
Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), proposed that the United States could acquire 1 million Bitcoin to create a strategic reserve, as outlined in a bill by Senator Cynthia Lummis. He emphasized a gradual acquisition strategy over four years, leveraging the government's existing Bitcoin holdings while advocating for transparency to mitigate market volatility. Saylor views Bitcoin as a form of "digital property," drawing comparisons to historic land acquisitions and positioning it as a foundational asset for the future.
- This proposal highlights the increasing recognition of Bitcoin's potential role in national economic strategy, suggesting a shift in how digital assets are perceived by government entities.
- What implications would the establishment of a Bitcoin strategic reserve have on the broader cryptocurrency market and international financial systems?