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Microstrategy Executive Chairperson Michael Saylor has voiced support for Senator Cynthia Lummis' proposal for a U.S. strategic bitcoin reserve, which is critical to strengthening America's economic leadership. "I think it's a great idea. I think it's going to happen. I think it's going to be important for the United States.... Based on my current model, Senator Lummis' bill would offset our $16 trillion debt. So, I think it's economically sensible. Technically, too...
Fair regulation, fair accounting and allowing big banks to hold Bitcoin in custody could "make Bitcoin go up 100-fold", says Michael Saylor.
Michael Saylor, executive chairperson of Microstrategy, believes that the US government should own the majority of the world's bitcoin and believes that this will strengthen the dollar. Similar to historical acquisitions, he sees bitcoin as a key asset for the future. "Countries have to look to the future, and the future of nations is in cyberspace, and bitcoin is essentially cyber Manhattan," Mr. Saylor stressed.
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