Saylor Urges U.S. to Acquire 1M-4.2M BTC in 10 Years

Overview

Michael Saylor, Founder of Strategy (formerly MicroStrategy), has intensified his calls for the United States to secure 5%-20% of the total Bitcoin (BTC) supply.

During the inaugural crypto summit at the White House, Saylor presented his vision for U.S. digital leadership in the 21st century, proposing a 10-year BTC acquisition strategy.

Acquisition Plan

According to Saylor’s proposal, if the U.S. acquires 5%-20% of the total supply (1.05M-4.2M BTC), it could yield $16-$81 trillion over the next 20 years, helping address fiscal debt issues. However, the plan would require an investment of $90 billion to $362 billion at current prices.

Saylor has previously advocated for the U.S. to control 20% of the Bitcoin market, warning that if action isn’t taken, other nations like the UAE, Russia, and China might capitalize on the opportunity.

Potential Nation-State FOMO

Brian Armstrong noted that other countries may experience FOMO regarding Bitcoin following the establishment of a U.S. strategic BTC reserve, stating,
> “The rest of the G20 are looking at America on offense in this industry (Bitcoin, crypto), and will likely follow suit.”

The U.S. government currently owns 198k BTC, valued at $17 billion, although analysts suggest that some of these may be returned to Bitfinex, potentially lowering the amount to 88k BTC.

Market Reactions

It remains to be seen how the U.S. government will implement ‘budget-neutral strategies’ for BTC acquisition as per executive orders. In the meantime, FOMO from other nations, like South Korea, may emerge.

However, the initial market reaction to the U.S. strategic BTC reserve announcement has been one of selling, with Bitcoin’s price dropping from $92.8k to $86.8k—an 8% decrease.

Most recent forecasts indicate a decline in Bitcoin’s value, with predictions from Polymarket suggesting a drop to $70k instead of breaking above $100k. Options traders on Deribit have priced in only a 12% chance of Bitcoin reaching $100k by the end of March.