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Investing.com -- At the Conservative Political Action (WA:ACT) Conference (CPAC) in Washington DC on Thursday, Strategy Chairman Michael Saylor suggested that the United States should aim to acquire up to 20% of the Bitcoin supply. Saylor, a well-known supporter of Bitcoin, stated that this move could place the U.S. at the forefront of the digital economy.
"There is room for only 1 nation to buy 20% of the Bitcoin supply, and I think it will be the United States," Saylor said.
The Strategy CEO proposed that the acquisition of such a significant portion of Bitcoin could potentially be used to address the national debt. This highlights the potential, albeit speculative, role Bitcoin could play in future economic strategies. Saylor’s comments come amid a growing interest in digital currencies and their potential impact on global economies.
Saylor’s suggestion implies a strategic move towards embracing digital currencies as part of the country’s economic framework. Bitcoin, the world’s largest cryptocurrency by market capitalization, has gained significant attention in recent years due to its volatile price movements and the potential for high returns.
The idea of acquiring a substantial portion of Bitcoin indicates a potential shift in economic strategy, considering the current financial landscape. However, it’s important to note that this is a speculative suggestion and not an official policy proposal.
Michael Saylor is known for his advocacy for Bitcoin and has previously made headlines for his company’s significant investments in the digital currency. His latest comments at the CPAC further underline his belief in the potential of Bitcoin and other digital currencies in shaping the future of economic strategies.
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