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10 months ago

Michael Saylor says only one nation can own 20% of Bitcoin, and itll be the US

Michael Saylor believes the US has a limited-time opportunity to acquire 20% of the total Bitcoin supply, which he argues would greatly benefit the nation's economy and global standing. He compares this opportunity to historical land acquisitions like the Louisiana Purchase and the purchase of Alaska. Saylor suggests that roughly $50 to $80 trillion in value could be generated for the US, and he warns that other countries like China, Russia, and Saudi Arabia are also vying for a significant share of Bitcoin. He believes this is a crucial move for the US to maintain its financial dominance in the emerging digital economy. Saylor mentioned that discussions about a US Bitcoin reserve are happening at high levels of government, including with Donald Trump. He argues that Bitcoin is the strongest asset available, immune to government manipulation and inflation, and could work alongside the US dollar. Saylor criticizes the current financial system as outdated and inefficient compared to Bitcoin's speed and decentralization. He emphasizes the urgency of the situation, claiming that only one country can acquire 20% of the Bitcoin supply and that missing this opportunity would be detrimental to the US's long-term economic prospects. He estimates that acquiring 4 to 6 million Bitcoin could eliminate the US national debt.

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