Saylor's 'Louisiana Purchase moment' for Lummis' BTC reserve bill hints at transforming U.S. Bitcoin leadership.
Despite Bitcoin’s downturn, Saylor predicts potential long-term gains of up to $49 million per coin.plummeted over 16% in a single day—its steepest decline since the FTX collapse—Michael Saylor, co-founder and chairman of MicroStrategy and a staunch BTC maximalist, has once again made headlines.
“I think the events of Bitcoin 2024 in Nashville a few weeks ago were just very catalytic and marked a very inflation point for Bitcoin. Senator Lummis presented a strategic Bitcoin reserve bill and that’s our ‘Louisiana Purchase’ moment.” The “Louisiana Purchase” signifies a transformative event, akin to the 1803 deal that doubled U.S. territory.suggests it could similarly reshape U.S. Bitcoin adoption and establish the country as a crypto leader.“Thomas Jefferson purchased the Louisiana Territory for $15 million in 1803 and nearly doubled the size of the United States. Bitcoin is scarce, desirable digital property.
Notably, during a highly optimistic keynote speech on 26th July at the Bitcoin 2024 conference, Saylor projected that BTC could reachSaylor’s forecast indicates that his revised estimate of $10 million for Bitcoin is just a baseline scenario. He suggested,That being said, he concluded by urging attendees to adopt a highly optimistic outlook on Bitcoin’s future.All in all, Saylor’s strong BTC support is notable as the market digests this significant downturn.
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