Saylor Urges US to Secure Digital Economy with 20% Bitcoin Stake

Michael Saylor, the executive chairman of MicroStrategy, has called on the U.S. government to acquire 20% of Bitcoin's network, arguing that it would secure America's dominance in the digital economy. Saylor made this proposal at the Conservative Political Action Conference (CPAC) earlier today.

In his speech, Saylor emphasized the importance of owning Bitcoin and running the Bitcoin network to control cyberspace. He predicted that the U.S. could implement such a strategy within 12 months, citing growing appreciation for Bitcoin across the cabinet, House, and Senate.

Saylor suggested that owning four to six million Bitcoins could help address the national debt, projecting potential benefits of "50 trillion to 80 trillion" for U.S. taxpayers. The U.S. currently holds 198,109 Bitcoin, valued at over $19 billion, making it the largest government holder of the digital asset.

Saylor's proposal comes as Bitcoin's price has been volatile in recent months, with some investors expressing concerns about its long-term prospects. However, Saylor remains a strong advocate for Bitcoin, believing that it is the key to securing America's dominance in the digital economy.

As the U.S. government considers Saylor's proposal, it will need to weigh the potential benefits and risks of acquiring a significant portion of Bitcoin's network. While owning 20% of the network could provide the U.S. with significant influence over the digital economy, it could also lead to increased scrutiny and regulation from other countries.

In the meantime, Bitcoin continues to be a popular investment option for individuals and institutions alike. As the digital asset's price and adoption continue to grow, it remains to be seen whether the U.S. government will follow Saylor's advice and acquire a significant portion of Bitcoin's network.