MicroStrategy founder Michael Saylor said at the CantorCrypto conference that the US will definitely create a strategic reserve in bitcoins. According to the businessman and investor, the government will be able to do this, since the practice of buying strategic assets already exists.
Michael Saylor cited the purchase of Manhattan, Louisiana, California and Alaska in the 19th century as examples, and the government has also purchased raw materials such as oil, grain and uranium on numerous occasions.
In his opinion, the new White House administration led by President Donald Trump understands the value of Bitcoin, so in the foreseeable future the government will definitely purchase the first cryptocurrency.
He stressed that if Senator Cynthia Lummis' proposal to buy 1 million bitcoins is accepted, then the benefit to the government will be at least $16 trillion.
Michael Saylor also allowed the purchase of 4 million bitcoins with the prospect of receiving up to $81 trillion in the future - this amount is quite enough to completely cover the US national debt, which has exceeded $36 trillion.
In this case, the value of Bitcoin could exceed several million dollars, noted the head of MicroStrategy.
