TechFlow news — On February 21, according to Cointelegraph, Michael Saylor, founder of Strategy (formerly MicroStrategy), said at the CPAC conservative political conference in Washington, D.C., that the U.S. should establish a strategic Bitcoin reserve by acquiring 20% of the Bitcoin network. He warned that failing to act risks "the Saudis, Russians, Chinese, or Europeans buying it first."
Michael Saylor noted that 20% of the current Bitcoin circulating supply amounts to approximately 4 million BTC, worth about $392 billion at current prices. He argued that if the U.S. were to hold 4 to 6 million BTC, it could help repay the national debt. In comparison, the U.S. Strategic Petroleum Reserve holds around 395 million barrels, valued at just $29 billion.
