Key Points
- Michael Saylor, founder of Strategy, urges the U.S. to hold 20% of Bitcoin supply to secure future dominance.
- Saylor believes that owning 20% of Bitcoin could help the U.S. offset part of its national debt.
Michael Saylor, the founder of Strategy, has made an appeal to the United States to secure 20% of the total Bitcoin supply. He believes this move will guarantee the country’s future supremacy in the crypto world.
In his address at the CPAC conservative conference, Saylor emphasized the importance of the U.S. becoming the first nation-state to acquire 20% of the Bitcoin network.
Debt Reduction Through Bitcoin
Saylor further explained that if the U.S. were to acquire 20% of Bitcoin immediately, it could significantly reduce its national debt. He expressed his belief that if the U.S. owned between 4 to 6 million Bitcoin, it could potentially pay off the national debt.
Saylor warned against allowing other countries such as Saudi Arabia, Russia, China, or European nations to beat the U.S. to the punch in acquiring a significant portion of Bitcoin.
According to Saylor, the U.S. currently holds approximately $36 trillion in fiscal debt. He projected that Bitcoin’s current market cap of $2 trillion could potentially rise to $20 trillion within the next 4 to 8 years. This increase could help offset a portion of the U.S. fiscal debt if the country begins to accumulate Bitcoin now.
Bitcoin as an Equalizer
Despite the market not fully pricing in such an outcome, as indicated by Polymarket’s odds of 45%, Saylor remains optimistic. He views Bitcoin as an equalizer that can empower individuals and small firms to compete with dominant players.
Saylor also compared the performance of his company, Strategy, which owns 478k Bitcoin or 2.28% of the total Bitcoin supply, to that of Microsoft. He suggested that Strategy may soon reach a total of 500k Bitcoin. This has led to the company’s stock, MSTR, becoming one of the top-performing shares in recent years, with gains of over 370% in 2024.
