According to BlockBeats, on August 7, MicroStrategy founder Michael Saylor expressed in an interview with CNBC that purchasing Bitcoin as a 'strategic reserve' could be another 'Louisiana Purchase moment' for the United States.
Saylor enthusiastically supports Wyoming Senator Cynthia Lummis's proposed Bitcoin Strategic Reserve Bill, which would require the U.S. Treasury to gradually accumulate 1 million Bitcoins, representing nearly 5% of the total supply of the cryptocurrency.
'In 1803, Thomas Jefferson purchased the Louisiana Territory for $15 million, nearly doubling the size of the United States,' Saylor stated. 'Bitcoin is a scarce and desirable digital property. Exchanging a small amount of currency or paper money for something that billions of people will want in 100 years is a very good idea.'
Saylor noted that the Bitcoin 2024 conference was 'highly catalytic and marked a turning point for Bitcoin,' highlighting that the event attracted U.S. presidential candidates, governors, senators, and representatives who expressed their support for the digital asset.
'Now, we can discuss the possibility of nations holding Bitcoin. If nations are going to buy Bitcoin, then it is reasonable for institutions, companies, and individuals to purchase Bitcoin as well,' Saylor said.
