Michae Saylor Pushes US to Buy 4 to 6 Million Bitcoin

- Hinting at More Bitcoin Purchases? Michael Saylor’s Signal - U.S. Could Resolve National Debt by Purchasing 4 to 6 Million Bitcoins [Unblock Media] Recently, MicroStrategy co-founder Michael Saylor has stirred controversy by suggesting that the U.S. government should buy 20% of the total Bitcoin supply. Saylor emphasized that the U.S. should act quickly to address the national debt issue and stay ahead of competing nations. Moreover, it is noteworthy that Saylor recently shared a Bitcoin tracker on social media platform X (formerly Twitter), hinting at a potential additional purchase. This aligns with past instances where he shared similar charts before making large Bitcoin acquisitions, leading the market to speculate that MicroStrategy may be preparing for another buying spree. Analysts suggest that Saylor’s actions, combined with his advocacy, could influence discussions on the U.S. government’s strategic Bitcoin acquisition. Michael Saylor made these assertions during a speech at the Conservative Political Action Conference (CPAC), advocating that the U.S. government should treat Bitcoin as a strategic reserve asset and actively pursue a purchasing strategy. He argued that holding 4 to 6 million Bitcoins could resolve the national debt issue and contribute to the activation of the digital economy. However, economic and financial experts urge caution regarding Saylor's claims. Christian Catalini, founder of MIT's Cryptoeconomics Lab, highlighted that Bitcoin is not a strategic reserve asset like the dollar or oil and warned that it could lower trust in the national currency. According to U.S. Treasury data, the national debt is projected to exceed $34 trillion by 2024, with the federal government's annual budget deficit surpassing $1 trillion. Given Bitcoin's high volatility and legal uncertainties, economic experts believe large-scale purchases are not a practical solution for resolving the national debt. Should the U.S. government make large Bitcoin purchases, it could significantly impact global financial and cryptocurrency markets. The increased demand may cause Bitcoin prices to skyrocket, reducing market liquidity and limiting access for individual investors and companies. Additionally, it could be perceived as a loss of confidence in the dollar, potentially weakening its status in global foreign exchange markets. Currently, some U.S. states (such as Utah and Wyoming) are moving to legalize Bitcoin holdings, but there is no clear federal stance. If the U.S. government were to stockpile Bitcoin, coordination with international organizations and strengthened regulatory frameworks to monitor cryptocurrency-based money laundering and illicit financial activities would be essential. The likelihood of the U.S. government adopting Bitcoin as a strategic reserve asset appears low at present. Considering Bitcoin's high volatility, legal uncertainty, and the need to maintain the dollar's supremacy in the global financial order, large-scale purchases in the short term seem improbable. Nonetheless, gradual policy changes might occur as some U.S. states show movements toward Bitcoin legalization, and cryptocurrencies integrate more with the existing financial system. With companies like MicroStrategy increasing their Bitcoin investments, institutional interest is growing, leading to ongoing attention to potential shifts in U.S. government policy. Predicting Bitcoin's impact on the global financial system beyond being a mere investment asset is challenging. However, whether the U.S. government utilizes it as a strategic asset will depend on future economic conditions and geopolitical changes, ensuring the debate continues.