The founder of Strategy suggests that the United States should purchase 20% of Bitcoin's circulating supply

Golden Finance reports, according to Cointelegraph, Strategy (formerly MicroStrategy) founder Michael Saylor stated at the CPAC conservative movement conference in Washington D.C. that the United States should establish a Bitcoin strategic reserve and suggested purchasing 20% of the Bitcoin network share.

Michael Saylor pointed out that at current prices, 20% of Bitcoin's circulating supply is about 4 million coins, worth approximately $392 billion. He believes that if the U.S holds between 4-6 million Bitcoins it would help repay national debt. In contrast, America's strategic oil reserves are estimated to be around 395 million barrels valued only at $29 billion.