Michael Saylor pushes for a 20% Bitcoin supply reserve in the US as ‘economic armour’

5 months ago 26

Saylor says Bitcoin’s unalterable plan protects wealthiness from fiat control.
He claims a 20% reserve successful the US would fortify the dollar.

Michael Saylor addressed the Conservative Political Action Conference this week, extolling Bitcoin arsenic a shield for nationalist economical security.

Saylor kicked disconnected his speech by saying, “Bitcoin represents the astir almighty exertion unit for conservatism successful the world.”

He emphasized that Bitcoin’s halfway attributes — its unalterable proviso and decentralized web — embody “integrity” and “sovereignty.”

These qualities alteration integer currency into what helium calls “economic armour.”

Saylor warned of the vulnerabilities wrong fiat currencies, stating, “What state bash you person if you person your wealth embedded successful a currency wherever idiosyncratic tin people 4X much of it without your support and debase it to zero?.”

He explained that accepted systems let centralized institutions and governments to manipulate the wealth supply, frost accounts, and impose restrictions.

Saylor past urged a displacement for the nation. “The US could ain 20% of the web similar that for free. The dollar would strengthen. The federation would beryllium enriched.”

This telephone builds connected his ain company’s approach.

Strategy, formerly MicroStrategy, presently holds astir 480,000 Bitcoin — demonstrating what has been dubbed the “Saylor effect.”

This accumulation strategy has spurred renewed involvement successful the conception of a US Bitcoin Strategic Reserve.

This connection is gaining traction among policymakers, specified arsenic Senator Cynthia Lummis, who champions it arsenic a hedge against the nation’s heavy fiscal deficits.