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  • Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor
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Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor

cryptovert November 15, 2024 1 min read

“The
best
way
to
protect
the
dollar
is
make
sure
you
retire
the
debt
and
become
rich,”
said
the
MicroStrategy
(MSTR)
executive
chairman.
“The
next
best
way
to
protect
the
dollar
is
to
make
sure
that
if
anybody
ever
considers
a
different
capital
asset
other
than
the
treasury
bill,
you
own
it,”
he
said.
That
asset
is
bitcoin,
according
to
Saylor.

The
idea
of
the
U.S.
buying
strategic
assets
isn’t
new,
reminded
Saylor,
pointing
to
the
acquisition
of
Manhattan,
the
Louisiana
Purchase
and
the
buying
of
California
and
Alaska
in
the
19th
century.
All
resulted
in
multi-trillion
dollar
returns
for
the
county,
he
said.
There
have
also
been
several
other
strategic
purchases
made
in
the
history
of
the
nation
like
gold,
oil,
grain
and
helium,
noted
Saylor.

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