The countdown has begun$BTC
Michael Saylor dropped some cookies in front of the Fox News microphone on the eve of the roundtable organized by the White House to discuss the strategic reserve of bitcoins.
The countdown has begun
We already had a preview yesterday of what is being prepared in the shadows through the U.S. Secretary of Commerce. Howard Lutnick stated that bitcoin will have a special status:
The president is interested in a strategic reserve of bitcoins. He spoke about it during his campaign, and I believe it will materialize this Friday. […] There is bitcoin, and then there are other cryptocurrencies that, I believe, will be treated differently. Positively, but differently.
Michael Saylor did not say anything different last night. He estimates that "the consensus that is manifesting is to make bitcoin an element of a long-term strategic reserve for the country. But if you wanted to make various investments in a sovereign fund, it is up to the executive to decide."
As for how the U.S. government will finance its bitcoin purchases, Michael Saylor avoided the question. His personal position is to sell gold to accumulate millions of bitcoins, which would allow achieving two objectives in one by devaluing the value of the gold reserves of the rest of the world.
However, his response on the television set was more tempered:
"A six-month reflection process is underway. The presidential working group has 12 members. The industry will participate. The Senate and the House of Representatives will also participate. It is not up to me to decide how things are determined. But the bill proposed by Senator Cynthia Lummis proposes to gradually buy a million bitcoins over a period of four years."
Matt Hougan, director of Bitwise, claims that the reserve will be "almost entirely constituted by bitcoins, and it will be more important than is thought."
