Michael Saylor, a well-known figure in the Bitcoin sector and CEO of MicroStrategy, suggested at the Conservative Political Action Conference (CPAC) that the US government should buy 20% of the total available Bitcoins. He argued that Bitcoin is a digital asset and a crucial tool for ‘cyberspace dominance’ in the future. Saylor warned that if the US misses this opportunity, countries like Saudi Arabia, Russia, China, or Europe could take the lead. He sees this move as a way to enrich America and transform it into a creditor nation in the next decade. MicroStrategy, owning 478,740 Bitcoins, holds the largest corporate Bitcoin treasury in the world. Senator Cynthia Lummis also supports this idea, seeing it as an opportunity to address national debt and create a strategic Bitcoin reserve.
