On November 15, MicroStrategy founder Michael Saylor claimed that the idea of the U.S. purchasing strategic assets is not new, citing examples such as the Manhattan Purchase, Louisiana Purchase, and California and Alaska purchases in the 19th century. These purchases have resulted in trillions of dollars in returns for the U.S.
Additionally, Saylor mentioned other strategic purchases throughout U.S. history, such as gold, oil, grains, and helium. He emphasized that this strategy has been used before and is a simple concept: find valuable assets, buy them cheaply, and hold onto them. Saylor believes that Bitcoin is America’s Manifest Destiny and that the Trump administration and Senator Loomis understand this.
Therefore, he predicts that the U.S. strategy of building a Bitcoin reserve will eventually come to fruition.
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<p>The post Bitcoin Purchase: A New Era of Strategic Investments first appeared on CoinBuzzFeed.</p>
