Saylor Urges US to Secure 20% of Bitcoin Supply

Michael Saylor, the founder of Strategy (formerly MicroStrategy), has called on the United States to acquire 20% of the total Bitcoin supply, arguing that this would secure its future dominance and help offset its national debt. In a recent speech at the CPAC conservative conference, Saylor emphasized the importance of the U.S. acting swiftly to purchase a significant portion of Bitcoin before other nations do.

Saylor believes that by owning 20% of the Bitcoin network, the U.S. could strengthen its dollar, enrich the nation, and potentially pay off a significant portion of its debt. He estimates that if the U.S. were to own 4-6 million BTC, it could help offset its $36 trillion fiscal debt, given Bitcoin's potential market cap growth to $20 trillion in the next 4-8 years.

Saylor cautioned that the U.S. should not allow other nations, such as Saudi Arabia, Russia, China, or European countries, to purchase the Bitcoin supply first. He views Bitcoin as an equalizer that can empower individuals and small firms to compete with dominant players, citing Strategy's own success as an example. The company currently owns 478,000 BTC, representing 2.28% of the total supply, and its stock, MSTR, has seen significant gains in recent years.

While Saylor's proposal has gained attention, it is essential to note that the market has not yet fully priced in the possibility of the U.S. acquiring 20% of Bitcoin, as indicated by Polymarket's odds of 45%. Nevertheless, Saylor remains optimistic about Bitcoin's potential to transform the U.S. economy and maintain its global leadership in the digital age.