Why Michael Saylor Says Bitcoin Is the Most Certain Asset in the Digital Economy

In your perspective, how soon do you think we're going to be buying Bitcoin and have within our U.S. reserve at a timeline? I think there's an appreciation of the power of Bitcoin throughout the Cabinet, throughout the House, throughout the Senate. There's going to be a political process by which we build consensus with the White House, the House, the Senate, and the Cabinet and find the right way through. What I would say on this topic is the U.S. could own 20% of the network like that for free. The dollar would strengthen. The nation would be enriched. The real promise is if you own 4 to 6 million Bitcoin, you're going to pay off the entire national debt. You're going to neutralize it. We can generate a $50 trillion to $80 trillion benefit to the United States people. To the citizens, to the taxpayers, and we can do it simply by seeing the future. It cost $6 million to buy Alaska. The payoff was a trillion. Just like right now, you can literally buy it for a song and dance. That's the opportunity. The risk is that you wouldn't want the Saudis to buy it first or the Russians or the Chinese or the Europeans. There's only room for one nation state to buy up 20% of the network. Obviously, I think it should be the United States. I think it will be the United States. It's a way for us to enrich ourselves and emerge as a creditor nation in a matter of a decade. It's also a way for us to ensure that we're the economic leaders in cyberspace and the digital economy for the next 100 years. If we do that, every one of our allies will follow us. Then all of our enemies will end up having to buy into the network once it passes $10 or $20 million a coin and they will enrich us. We saw that just yesterday. President Trump was in Miami and he was talking about Bitcoin. The Bitcoin reserve is a touchy subject. A lot of people want to know what other coins within the digital asset industry are going to be involved. The U.S. does not just hold gold and oil within our reserve. It holds up to 27 other trace minerals. We're completely diversified. Do you see room for another digital asset to be included in the Bitcoin reserve or the U.S. financial reserve system? I think the key thing to keep in mind right now is that Bitcoin is a commodity. It is an asset without an issuer. There is no company, no individual, no country, no entity that can corrupt it. It has reached escape velocity. It has gotten to the point where it is basically a freedom virus, a truth virus, a monetary virus. It has been embraced by a trillion dollars of smart money. That is, a trillion dollars of real money has been invested in the network. It is 99% of the digital power on earth. It's fairly unstoppable. If you're going to capitalize a company or a country, you want to capitalize it on property or a commodity or a network which is beyond the point where anybody could change the nature of it. That makes Bitcoin the most certain thing in the digital universe. When you talk about certainty and when you talk about truth, over the last four years we've experienced as a culture, travesty. We haven't been able to speak. We've been censored. How does Bitcoin, what is Bitcoin to you? What do you see that others don't? And how can conservatives capitalize on the opportunity to take advantage and make sure that America is dominating our future? That we have the economic freedoms that our children and our families in America will stay at the front runner of this industry. What I would say to everybody in this room is if you want freedom, if you want liberty, if you want to live your finest life, you're going to need economic power. You need physical power. You need political power. But you need economic power. Bitcoin represents economic armor. When you put on the suit of armor, then no mayor, no government, no collectivist, no socialist can debank you. They can't take your money away. They can't impoverish you. Just like a gun is a deterrent, Bitcoin is a deterrent. Because if you have wealth in Bitcoin, you have the option to move it to any jurisdiction. And you can keep it. And no one can take it away from you by a force of violence no matter where you are on earth. And so Satoshi gave us an opportunity. I hope I intrigue all of you with the opportunity and you go do the research and determine for yourself how you benefit from it. But I just leave you with the thought that Bitcoin is economic armor. You have, Michael. Thank you. God willing, we have as much Bitcoin as Michael one day. This is a defining moment for digital assets. It's a defining moment for our country. We thank all of you. Michael, thank you so much for joining us. CPAC is going to be at the front of the digital asset industry. We see Bitcoin and the entire industry as a significant resource for our country and our people. Thank you, everyone. God bless America. Thank you.