MicroStrategy co-founder Michael Saylor posted the Bitcoin (BTC) chart, which indicators an impending BTC buy the following day, for the eleventh consecutive week on Jan. 19.
“Issues might be completely different tomorrow,” Saylor wrote on social media — a possible nod to the inauguration of President-elect Donald Trump on Jan. 20.
The corporate bought 2,530 BTC, valued at roughly $243 million, on Jan. 13, bringing MicroStrategy’s complete holdings to 450,000 BTC.
MicroStrategy continues accumulating Bitcoin as a part of its 21/21 plan of raising $42 billion in fairness and fixed-income securities to finance the acquisition of Bitcoin. It’s presently the biggest company holder of BTC.
MicroStrategy’s December 2024 and January 2025 Bitcoin Purchases. Supply: SaylorTracker
Associated: MicroStrategy’s Bitcoin debt loop: Stroke of genius or risky gamble?
Nation states can undertake the debt-to-BTC technique
Saylor beforehand mentioned that the primary nation to massively print cash or concern debt and convert the fiat to Bitcoin may front-run different nations and massively enhance their financial place.
The manager added that the USA Treasury ought to convert its gold holdings to Bitcoin — thereby demonetizing the gold reserves of international adversaries whereas maximizing BTC reserves.
In December 2024, Saylor outlined a crypto regulatory framework for the US, which included plans for an $81 trillion Bitcoin strategic reserve. The manager wrote in his digital property framework:
“A strategic digital asset coverage can strengthen the US greenback, neutralize the nationwide debt, and place America as the worldwide chief within the Twenty first-century digital economic system.”
The plan included objectives of elevating the digital asset markets to a $10 trillion market capitalization and increasing digital asset capital markets to a staggering $280 trillion.
In November 2024, asset supervisor Anthony Pompliano urged the USA to establish a Bitcoin strategic reserve.
Pompliano argued that native municipalities, state governments, and the federal authorities ought to be attempting to accumulate as a lot Bitcoin as potential as shortly as they’ll.
Like Saylor, Pompliano confused that the clock is ticking and officers in the USA ought to undertake Bitcoin as a strategic reserve asset to keep away from being front-run by different nations.
Journal: Bitcoin will ‘start ripping’ as Trump’s polls improve: Felix Hartmann, X Hall of Flame
