Saylor Urges U.S. to Buy 20% of Bitcoin Supply for Cyberspace Dominance

Michael Saylor, the executive chairman and founder of business intelligence software company MicroStrategy, has been advocating for the U.S. government to purchase a significant portion of Bitcoin's supply. Speaking at the Conservative Political Action Conference (CPAC) in Washington D.C., Saylor suggested that the U.S. should acquire 20% of Bitcoin's (BTC) supply for its national strategic reserve.

Saylor believes that this move would ensure cyberspace dominance for the U.S. for the next century and strengthen its lending power. He argued that there is only room for one nation-state to buy 20% of the Bitcoin network, and he thinks it should be and will be the United States. To achieve this, U.S. authorities would need to buy an additional 3.9 million Bitcoin, on top of its current 207,000 BTC trove. This endeavor would cost approximately $392 billion at today's prices.

The U.S. Senate is considering a more conservative approach. Senator Cynthia Lummis of Wyoming has proposed that the U.S. accumulate 5% of Bitcoin's supply. Meanwhile, President Donald Trump's crypto team is currently assessing the feasibility of a BTC reserve. At CPAC, Saylor reiterated that the U.S. must be the nation to capture 20% of the Bitcoin network:

"It's a way for us to enrich ourselves and emerge as a creditor nation in a matter of a decade. It's also a way for us to ensure we're the economic leaders in cyberspace for the next 100 years."

Saylor explained that U.S. adoption of BTC will drive a sovereign rush for the asset among both allies and rivals alike. MicroStrategy is the world's largest corporate BTC holder, boasting nearly $50 billion in Bitcoin. The company plans to raise another $2 billion to buy more BTC.