Michael Saylor, known for his Bitcoin advocacy, recently suggested that the US should acquire between 5% and 25% of the total Bitcoin supply, sparking active discussions among crypto market participants and traditional finance.
Saylor's Proposal
At the Crypto Summit, Michael Saylor proposed a bold idea for the US government to acquire a significant portion of Bitcoin. He believes that this could strengthen the country's position in the digital assets market. Currently, Saylor's company, valued at $73.7 billion, already holds 499,226 BTC, estimated at $41.65 billion.
Potential Implications
If Saylor or the US successfully acquired 25% of all Bitcoin, it would amount to approximately 5.25 million BTC. Such a volume of cryptocurrency could significantly increase his personal fortune, surpassing Elon Musk's current net worth of $321.4 billion. This might also affect Bitcoin's price and destabilize the market.
Expert Opinions
Legal expert John Deaton expressed mixed feelings about Saylor's proposal, noting that such an idea could be a game-changer in the market. He also questions whether it is possible for an individual or a government to acquire such a large portion of a decentralized asset, which is fundamentally designed to resist concentrated power.
Michael Saylor's idea of the US purchasing a significant portion of Bitcoin has sparked lively debates. Despite its boldness, experts see it as indicative of the current trends in the digital asset market.
