TechFlow news — Michael Saylor, co-founder of MicroStrategy, said in a CNBC interview that the U.S. purchasing bitcoin as a "strategic reserve" would be another "Louisiana Purchase" moment.
Saylor enthusiastically supports the Bitcoin bill proposed by Wyoming Senator Cynthia Lummis, which would require the U.S. Treasury to gradually accumulate 1 million bitcoins—approximately 5% of bitcoin's total supply.
Saylor pointed out that in 1803, Thomas Jefferson purchased the Louisiana Territory for $15 million, nearly doubling the size of the United States. He believes bitcoin is a scarce and desirable digital asset, and exchanging some currency or paper money for something that billions of people will want in the future is a smart move.
Add to Favorites
Share to Social Media
