On 20th February, MicroStrategy co-founder Michael Saylor urged the US to buy 20% of the Bitcoin supply as a strategic reserve during his speech at the Conservative Political Action Conference (CPAC) in Washington, DC.
'There's only room for one nation-state to buy up 20% of the network, and I think it should be the United States,' said Saylor, arguing it would enable the country to secure a dominant position in the digital asset space as China, Russia, Saudi Arabia, and European countries rapidly boost their stake in the cryptocurrency.
