MicroStrategy CEO Michael Saylor stoked the conversation at the DC Blockchain Summit as he declared Bitcoin the “Manifesto of the United States” in a sit-in with Senator Cynthia Lummis.
On March 27, Ramis said in a conversation with Michael Saylor, “There’s a strategic oil reserve, there’s a strategic gold reserve, there’s a strategic cheese reserve. Bitcoin is digital gold.”
Ramis also said in her discussion, “We were able to convert (mineral wealth) into cash and put it in a fully diversified asset allocation to continue generating income.”
Ramis stressed the federal government’s monumental debt of $36 trillion, which argued that Bitcoin’s rarity, immutability and storage potential would be the best long-term asset for the country’s resilience. “If we hold it for 20 years according to the best modeling available, we can reduce the country’s debt by half,” she added.
Living under the weight of federal debt today, Lummis sees Bitcoin as a new solution to ancient problems. She said, “I’ve been looking for a strategic Bitcoin reserve for the rest of my life.” This comment provides Washington’s growing chorus with momentum that digital assets should play a formal role in the US financial and economic strategy.
A 0.11% Bitcoin spike followed by a Saylor statement released in under an hour on X, pushing the assets to $87,273.47. Market capitalization increased by 0.09% at the time of pressing.
Saylor’s support appeared to echo through the wider market. The fear and greed indicators skyrocketed from neutral 50 to “greed” 65, showing a clear and dramatic change in market sentiment.