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Michael Saylor: Spot Bitcoin ETFs, The Halving & Bitcoin's Next Bull Run

Coin Stories

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The Importance of Bitcoin

I think that the question of when is something backed by Bitcoin is less important than our people choosing to adopt Bitcoin as a treasury asset and incrementally or gradually accumulate it. I mean, if we think Bitcoin is good, then why wouldn't you think it's good to have some? Right? If you take 1% of the assets of the central bank and you buy Bitcoin with it, you haven't backed the dollar with it. That's true. You have enhanced the credibility of our reserves by owning a hard asset. On the margin, let's take an extreme. If you had $100 billion of assets and they're all Bitcoin, yeah, we'd like that better than 1 billion

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