According to TechFlow, MicroStrategy co-founder Michael Saylor said in an interview with CNBC that the United States' purchase of Bitcoin as a "strategic reserve" would be like another "Louisiana Purchase" moment.
Saylor enthusiastically supports the Bitcoin Act introduced by Wyoming Senator Cynthia Lummis, which would require the U.S. Treasury to gradually accumulate 1 million bitcoins, accounting for about 5% of the total supply of bitcoin.
Saylor pointed out that Thomas Jefferson purchased the Louisiana Territory for $15 million in 1803, nearly doubling the size of the United States. He believes that Bitcoin is a scarce, desirable digital asset, and it is a good idea to exchange some currency or paper money for something that billions of people in the future will want.
