Michael Saylor Speaks on BTC Strategic Reserves

During his recent podcast interview, Michael Saylor expressed no surprise that the U.S. government has yet to purchase Bitcoin for its Strategic Bitcoin Reserve, established under an executive order signed by Trump on March 7. Currently, the BTC reserves that the US government holds is entirely seized through criminal or civil asset forfeiture proceedings. On the other hand, several US states like Arizona, Texas, etc, have passed crucial bills to make Bitcoin part of the state treasury.

However, Saylor noted that he did not expect the government’s stance on Bitcoin to shift so favorably so soon after Trump’s inauguration. “I was surprised that the US embraced Bitcoin as radically as it has over the last six months. I think I didn’t expect all the Cabinet members to be so enthusiastic,” he said.

The Bitcoin price is currently showing significant strength, with 8% weekly gains and moving past $ 103K. Market analysts are hopeful that BTC could potentially hit fresh all-time highs above $109K amid improving macroeconomic conditions and on-chain metrics.