Bitcoin Lifeline: Michael Saylor Explains How BTC Reserve Could Cut US Debt By $16 Trillion

Quick Summary:

Cynthia Lummis of Wyoming—support the call to create a Bitcoin reserve.

Two prominent crypto personalities—Michael Saylor of MicroStrategy and Sen.

In a CNBC interview, Saylor reiterated his bullish take on Bitcoin and suggested that creating a reserve of 1 million Bitcoins could help cut US debt by $16 trillion, or by 45%.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryUnited States

Topics: Bitcoin Btc Crypto US debt Michael saylor Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 09:30:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23611609

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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