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Michael Saylor Explains How BTC Reserve Could Cut US Debt By $16 Trillion
crypto :: 2024-11-16 :: source - bitcoinist
By Christian Encila
Two prominent crypto personalities—Michael Saylor of MicroStrategy and Sen. Cynthia Lummis of Wyoming—support the call to create a Bitcoin reserve.
In a CNBC interview, Saylor reiterated his bullish take on Bitcoin and suggested that creating a reserve of 1 million Bitcoins could help cut US debt by $16 trillion, or by 45%.
Before Saylor’s comments on the CNBC interview, Rep. Lummis filed a bill increasing the country’s digital asset reserves. The US government will buy up to 1 million Bitcoins over five years as laid out in the Lummis Bill.
Michael Saylor and Lummis believe integrating the top digital asset as part of the reserve can help solve the country’s growing debt woes...Read more
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