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“The real promise is if you own 4-6 million BTC, you’re going to pay off the national debt,” says the Strategy founder.
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Strategy founder Michael Saylor has stressed the importance of America having a strategic Bitcoin reserve, suggesting that it should buy up 20% of the BTC network.
“There’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States, I think it will be the United States,” Saylor said at the CPAC conservative movement conference in Washington DC on Feb. 20.
My talk at the @CPAC conference this morning focused on Bitcoin, freedom, and economic empowerment.pic.twitter.com/eOFCnYa7qu
— Michael Saylor⚡️ (@saylor) February 20, 2025
During the same interview, he said, “the US could own 20% of the [Bitcoin] network like that,” clicking his fingers before adding, “The dollar would strengthen, the nation would be enriched, and the real promise is if you own 4-6 million BTC, you’re going to pay off the national debt.”
Saylor also said the risks of not doing so would be “that you wouldn’t want the Saudis to buy it first, or the Russians, or the Chinese or Europeans.”
At current prices, 20% of the circulating supply of BTC is around 4 million coins, which would be worth roughly $392 billion at current prices.
It would be a significant investment given that, comparatively, the US Strategic Petroleum Reserve contains around 395 million barrels worth only an estimated $29 billion.
When asked about the potential of including other crypto assets in a US strategic reserve, Saylor avoided mentioning any other digital asset.
“I think the key thing to keep in mind right now is that Bitcoin is a commodity, an asset without an issuer, there is no company, no individual, no country, no entity that can corrupt it, and it has reached escape velocity.”
Earlier in the conversation, Saylor spoke about the futility of trying to compete with tech giants and monopolies as a company, stating:
“Satoshi gave us a way out of a conundrum, Satoshi gave us a strategy that makes a small company big and powerful and makes an individual more powerful than the state.”
Strategy, which rebranded from MicroStrategy on Feb. 5, is the world’s largest corporate holder of BTC, with 478,740 coins worth around $47 billion at current prices.
Related: 12 US states hold a total of $330M stake in Saylor’s Strategy: Analyst
The firm’s portfolio boasts a profit of 51%, or around $16 billion, with a dollar cost average purchase price of $65,000 per coin, which has helped boost its share prices by 360% over the past 12 months.
He also said that global capital was flowing into cyberspace, going from physical to digital, flowing from the 20th century to the 21st century.
“The 21st century is going to be a billion AIs thinking a million times a second, and what are they going to be using to move their money around? They’re going to use digital money because they can’t get a bank account,” he said.
Magazine: ETH whale’s wild $6.8M ‘mind control’ claims, Bitcoin power thefts: Asia Express
This article first appeared at Cointelegraph.com News
