U.S. government better to buy up to 25% of Bitcoin’s total supply by 2035? Michael Saylor, the founder of Strategy, is making a play that’s got everyone talking.
He wants the government to hold a quarter of all Bitcoin. It’s a move that could change the game, but is it a smart bet?
The proposal about a Strategic Bitcoin Reserve
Saylor presented his plan at the White House Crypto Summit, suggesting the government should make consistent daily purchases between 2025 and 2035. His mantra?
Never sell your Bitcoin. He believes this reserve could generate over $10 trillion annually by 2045, becoming a perpetual source of prosperity for Americans.
It’s a strong claim, but Saylor thinks it could even help ease the national debt, potentially raking in between $16 trillion and $81 trillion for the U.S. Treasury.
Trump’s executive order is a first step in the right direction?
President Trump already signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” initially funded with seized cryptocurrencies.
While it doesn’t include immediate plans to buy more Bitcoin, it sets the stage for future acquisitions without adding costs for taxpayers.
Saylor’s proposal far exceeds previous ideas, like Wyoming Senator Cynthia Lummis’ suggestion to hold 5% of Bitcoin’s supply.
Saylor’s own Bitcoin bet
Speaking about skin in the game, Saylor’s company has been busy accumulating Bitcoin.
They just bought another $2 billion worth, bringing their total holdings to nearly 500,000 BTC. It’s clear Saylor believes in Bitcoin’s future.
But should the U.S. government follow suit? It’s viewed as a gamble for many, but one that could pay off big time. So, what do you think? Should the government go all-in on Bitcoin?
Have you read it yet? SBF’s big mouth lands him in solitary
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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