Michael Saylor, MicroStrategy’s chairman, has emphasized the importance of the US having a strategic Bitcoin Reserve as a means to reduce the national debt. In a recent CNBC interview, he stated that accumulating one million Bitcoins over the next five years could help the government cut the national debt by $16 trillion, or over 45% of the existing debt.
Saylor also mentioned that the US is likely to have its own strategic Bitcoin reserve with a concrete plan soon. In the past, President Trump stated that he would make a plan for the US government to hold 200,000 Bitcoins as reserves, while Senator Cynthia Lummis introduced a bill to increase the country’s digital asset reserves, proposing to accumulate one million tokens over a five-year period.
