Key Points
- Michael Saylor, founder of Strategy, urges the U.S. to hold 20% of Bitcoin to ensure future dominance.
- Saylor believes owning a significant percentage of Bitcoin could help the U.S. offset its fiscal debt within a decade.
Michael Saylor, the mind behind Strategy (previously known as MicroStrategy), has issued a call to action for the United States. He believes that by securing 20% of the total Bitcoin supply, the U.S. could safeguard its future economic supremacy.
During his speech at the CPAC conservative conference, Saylor emphasized, “There’s only room for one nation-state to buy up 20% of the Bitcoin network, and obviously, I think it should be the United States; I think it will be the United States.”
Reducing U.S Debt with Bitcoin
Saylor suggested that by owning 20% of Bitcoin instantly, the U.S. could alleviate a portion of its debt. He stated, “The US could own 20% of the ‘Bitcoin’ network like that. The dollar would strengthen, the nation would be enriched, and the real promise is if you own 4-6 million BTC, you’re going to pay off the national debt.”
He reiterated his belief that there’s only room for one nation-state to secure 20% of BTC. He warned, however, that the U.S. should not allow Saudis, Russians, Chinese, or Europeans to make the first move.
Saylor added, “It’s is a way (US having +4M BTC) to enrich ourselves and emerge as a creditor nation in a matter of a decade. It’s a way to ensure we’re the economic leaders in cyberspace for the next 100 years.”
Currently, the United States is grappling with approximately $36 trillion in fiscal debt. Saylor believes that with Bitcoin’s current market cap of $2 trillion potentially rising to $20 trillion in the next 4-8 years, the U.S. could offset a portion of its fiscal debt if it begins accumulating now.
Bitcoin as an Equalizer
While the market hasn’t fully priced in such an outcome yet, with Polymarket’s odds standing at 45%, Saylor remains optimistic. He views Bitcoin as an equalizer that could empower an individual or a small firm to compete with dominant players.
For example, Strategy currently owns 478k BTC or 2.28% of the total BTC supply and may be on track to hit 500k coins soon. Its stock, MSTR, has been the top-performing share in recent years, logging +370% gains in 2024.
