Buying a “strategic reserve” of Bitcoin would be another “Lousiana Purchase moment” for the United States, according to Michael Saylor.

August 7, 2024

Saylor, whose company, MicroStrategy, owns approximately $8 billion worth of BTC, enthusiastically endorsed Wyoming Senator Cynthia Lummis’ proposed BITCOIN Act, which would compel the US Treasury to gradually accumulate 1 million BTC or almost 5% of the total supply of the cryptocurrency.

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Buying a “strategic reserve” of Bitcoin would be another “Lousiana Purchase moment” for the United States, according to Michael Saylor.

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Markets are officially in full risk-on mode. Current situation:

S&P500 6K!