Michael Saylor, the founder of Strategy, is calling on the U.S. government to purchase up to 20% of the total Bitcoin supply as a 'strategic reserve.' According to him, this could help the U.S. pay off its national debt and strengthen the USD.

Bitcoin – A Solution for U.S. National Debt?

At the recent conference #CPAC , Saylor emphasized that if the U.S. were to hold 4-6 million BTC, the value of this Bitcoin could be enough to eliminate the nation's massive debt. He also warned that only one country could buy up to 20% of the Bitcoin supply first, and if the U.S. does not do so, other powers like China, Russia, or Saudi Arabia could get ahead.

Is the U.S. Considering This Strategy?

Saylor's proposals are not merely empty words. Some states in the U.S., including Utah, are moving closer to requiring Bitcoin reserves at the state level. At the same time, the President #DonaldTrump recently signed an order to establish a research group on the possibility of creating a federal Bitcoin reserve.

Currently, the U.S. government owns approximately 183,422 BTC, equivalent to nearly 1% of the total supply. Compared to this figure, Saylor's proposal is clearly a significant step forward.

Debate Over Bitcoin as a National Reserve Asset

Despite Saylor's enthusiastic support, many experts remain skeptical. David Gerard, a well-known author with a skeptical view on cryptocurrency, believes that Saylor's proposal is essentially just an effort to drive up the price of Bitcoin, rather than a practical strategy.

Christian Catalini, the founder of MIT Cryptoeconomics Lab, also points out that Bitcoin does not meet enough criteria to become a national reserve asset. He argues that the U.S. reserves USD and oil because they have real value in crisis situations, while Bitcoin does not serve a similar role.

Furthermore, if the U.S. stockpiles Bitcoin in large quantities, it could undermine trust in the USD and pave the way for rival countries like China and Russia to criticize that the U.S. no longer believes in its own currency.

What Is Saylor's True Goal?

Alongside the debates about the benefits of $BTC for America, some people suggest that Saylor has personal motives. His company, Strategy, currently holds over 430,000 BTC – the most among publicly traded companies in the world. The U.S. government's purchasing of Bitcoin would significantly push prices up, greatly benefiting his company.

Additionally, Strategy has recently increased its issued shares from 330 million to 10.3 billion, aiming to raise $46 billion. Some experts believe that this company is using Bitcoin as a financial strategy to maximize profits for shareholders and management. #anhbacong

Conclusion

Michael Saylor continues to be one of the most influential figures in the Bitcoin community, but not everyone agrees with his vision. While the idea of a 'digital gold reserve' for America sounds appealing, the accompanying political and economic risks lead many to question whether this is truly the best path for the U.S.