In a dazzling display of audacity, Michael Saylor, the illustrious executive chairman and founder of Strategy, has taken to the grand stage of CPAC in Washington D.C. to advocate for a Bitcoin bonanza—a maxi-sized reserve, if you will, that would catapult the United States into the cyber stratosphere for the next century. Ah, the sweet scent of digital dominance! 🍔💰
With a flourish befitting a modern-day oracle, Saylor urged the U.S. government to procure a staggering 20% of Bitcoin’s (BTC) supply, envisioning a national strategic reserve that would make even the most seasoned treasure hunters green with envy. “There’s only room for one nation-state to buy 20% of the Bitcoin network,” he proclaimed, as if he were announcing the next blockbuster superhero movie. Naturally, he believes that nation should be none other than the good ol’ U.S. of A. 🇺🇸
To fulfill this grand vision, U.S. authorities would need to acquire an additional 3.9 million Bitcoin, on top of their current modest stash of 207,000 BTC. A mere trifle, right? This little endeavor would set the nation back a cool $392 billion at today’s prices. Just a casual Tuesday for Uncle Sam! 💸
Meanwhile, the U.S. Senate appears to be taking a more cautious approach, perhaps sipping tea while contemplating their next move. Senator Cynthia Lummis of Wyoming has suggested a more conservative accumulation of 5% of Bitcoin’s supply, while President Donald Trump’s crypto team is currently assessing the feasibility of a BTC reserve. Because why rush into a digital gold rush when you can tiptoe? 🐢
At CPAC, Saylor reiterated his fervent belief that the U.S. must seize the day and capture that coveted 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.”
Ah, the sweet allure of economic supremacy! Saylor elaborated that the U.S. adoption of BTC would ignite a sovereign stampede for the asset, with allies and rivals alike scrambling to get a piece of the digital pie. Strategy, the world’s largest corporate BTC holder, is already sitting on a veritable mountain of nearly $50 billion in Bitcoin. And just to keep the party going, the company plans to raise another $2 billion to buy even more BTC. Because who doesn’t love a good shopping spree? 🛒
My talk at the @CPAC conference this morning focused on Bitcoin, freedom, and economic empowerment.
— Michael Saylor⚡️ (@saylor) February 20, 2025
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2025-02-21 02:24