Michael Saylor, executive chairman of MicroStrategy and a well-known Bitcoin advocate, recently stated that only one nation can buy 20% of the Bitcoin network.
Why Only One Nation Can Dominate
Saylor argues that there are only 21 million Bitcoins, and many of them are already held by long-term investors or lost. Any government wishing to control a significant share, like 20%, must act quickly. This puts them in a position where the first to aggressively accumulate Bitcoin could gain a noticeable advantage in the digital economy.
Why the U.S. Should Act Now
Saylor believes that the U.S. is best positioned to lead this move. With its global financial influence, technological infrastructure, and access to capital, the U.S. could become a dominant force in the Bitcoin network. This would not only strengthen the dollar's relevance in the digital age but also provide a powerful hedge against inflation and geopolitical uncertainty.
Conclusion
The balance of economic power could shift if rival nations like China or Russia take the lead in Bitcoin accumulation. Therefore, Saylor emphasizes the necessity for the U.S. to act swiftly in this area.
Given Bitcoin's potential as a strategic economic tool, it is vital for the U.S. to recognize the need for proactive measures to strengthen its position.
