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Michael Saylor: Why Bitcoin is Necessary for the US

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by Giorgi Kostiuk

4 hours ago

In a recent interview, Strategy co-founder Michael Saylor discusses the significance of establishing a strategic Bitcoin reserve for the US.

A Flag in Cyberspace

Michael Saylor explains the creation of a Bitcoin reserve as 'planting a flag' in cyberspace. He believes that by acquiring Bitcoin, the US can 'own it and benefit from it' if it outpaces other countries.

We bought 75% of this nation with about $40 million.Michael Saylor

Digital Economy and Bitcoin

Saylor is certain that the digital economy will be capitalized on Bitcoin, and the US can benefit from this. He claims that Bitcoin is a digital property and savings account, empowering every American to save their wealth.

The real key about Bitcoin is for people to understand that it's a digital property, it's a savings account that empowers every single American to save their wealth and preserve it over time.Michael Saylor

Regulation and the Future of Bitcoin

Saylor stressed the importance of a regulatory framework that would allow for the issuance of tokens like XRP. He is convinced that Bitcoin should be the long-term element in the country's strategic reserve.

Bitcoin is a universally agreed upon foundational asset.Michael Saylor

Michael Saylor emphasizes that the US could lead in digital assets if it supports a progressive framework that includes currencies, securities, and tokens.

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