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Author: Admin | 2025-04-28
The Conservative Political Action Conference (CPAC), Michael Saylor, the founder of Strategy, a so-called bitcoin treasury company previously known as MicroStrategy that’s bought almost 500,000 bitcoin worth nearly $50 billion, told attendees the U.S. government should buy 20% of the bitcoin supply to secure the country’s dominance of the digital economy.Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curiousForbesLeak Reveals Trump Feared To Be Fueling A ‘Dangerous’ Bitcoin And Crypto Price BubbleBy Billy BambroughThe bitcoin price has climbed sharply over the last year, with some predicting the bitcoin price ... [+] could be boosted even higher if Donald Trump follows through with his plans to create a U.S. bitcoin reserve.Forbes Digital Assets“If you want to own the future, you want to own cyberspace,” Saylor said. "How do you own cyberspace? You own bitcoin, and then you run the Bitcoin network. You mine bitcoin; you own bitcoin,” Saylor, who has published a bitcoin framework for the U.S. government that includes the creation of a U.S. strategic bitcoin reserve, said.Saylor predicted Trump and U.S. lawmakers could buy between 4 million and 6 million bitcoin in as little as 12 months, claiming it would deliver benefits of “$50 trillion to $80 trillion” for U.S. taxpayers and help drive down the spiraling U.S. debt pile."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.In December, Trump confirmed he plans to establish a U.S. bitcoin strategic reserve. "We're gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead," Trump told CNBC."Yes, I think so," Trump said in response to a question about whether the U.S. will create a bitcoin strategic reserve similar to its oil reserve.In July, then Republican candidate Donald Trump promised to create a "strategic national bitcoin reserve" and predicted bitcoin could eclipse gold’s near-$20 trillion market capitalization during an appearance at the Bitcoin 2024 conference.
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