Michael Saylor addressed the Conservative Political Action Conference this week, extolling Bitcoin as a shield for national economic security.
Saylor kicked off his speech by saying, “Bitcoin represents the most powerful technology force for conservatism in the world.”
He emphasized that Bitcoin’s core attributes — its unalterable supply and decentralized network — embody “integrity” and “sovereignty.”
These qualities transform digital currency into what he calls “economic armour.”
Saylor warned of the vulnerabilities within fiat currencies, stating, “What freedom do you have if you have your money embedded in a currency where someone can print 4X more of it without your approval and debase it to zero?.”
He explained that traditional systems allow centralized institutions and governments to manipulate the money supply, freeze accounts, and impose restrictions.
Saylor then urged a shift for the nation. “The US could own 20% of the network like that for free. The dollar would strengthen. The nation would be enriched.”
This call builds on his own company’s approach.
Strategy, formerly MicroStrategy, currently holds nearly 480,000 Bitcoin — demonstrating what has been dubbed the “Saylor effect.”
This accumulation strategy has spurred renewed interest in the concept of a US Bitcoin Strategic Reserve.
This proposal is gaining traction among policymakers, such as Senator Cynthia Lummis, who champions it as a hedge against the nation’s deep fiscal deficits.
Crypto market movers
- Bitcoin has lost 2% over the past 24 hours and is trading at $96,200.
- Ethereum is down 2.8% over the same period to $2,680.
What we’re reading
- Bybit hit by biggest-ever heist as hackers swipe $1.5bn: ‘This will happen again’ ― DL News
- CFTC Chair Nominee Brian Quintenz Does Not Plan to Recuse Himself from Prediction Market Discussions ― Unchained
- Crypto wins! SEC drops Coinbase case ― Milk Road
- Who is Hayden Davis? Milei and Melania partner says he doesn’t want $100m stash ― DL News
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email at [email protected].
