Editor's PiCK
"25% of Bitcoin Supply Gone"...Michael Saylor Proposes to US Government
Summary
- Chairman Michael Saylor proposed that the US government should purchase and strategically reserve 25% of the Bitcoin supply.
- Saylor analyzed that the strategic reserve of Bitcoin would create up to $10 trillion in economic value annually by 2045.
- If the US government purchases Bitcoin as proposed, it could potentially alleviate national debt and gain an opportunity to generate up to $81 trillion in revenue.
Michael Saylor, Chairman of Strategy (formerly MicroStrategy), has proposed that the US government purchase 25% of the Bitcoin (BTC) supply.
According to Cointelegraph on the 9th, Chairman Saylor attended the 'Virtual Asset Summit' hosted by the White House on the 8th and suggested that "from this year until 2035, the government should secure 5-25% of the Bitcoin supply through continuous and systematic daily purchases."
Chairman Saylor analyzed that the US strategic reserve of Bitcoin could create more than $10 trillion (14,498 trillion won) in economic value annually by 2045. He stated, "The US Treasury could generate revenue ranging from a minimum of $16 trillion to a maximum of $81 trillion by 2045 through a Bitcoin strategic reserve," adding that it "could also alleviate national debt."
If the US government follows Chairman Saylor's advice and purchases 25% of the Bitcoin supply, it would hold a total of 5.25 million bitcoins. Previously, President Donald Trump signed an executive order on the 7th directing the federal government to strategically reserve cryptocurrencies including Bitcoin.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
