Why AMERICA Should Buy BITCOIN | Michael Saylor at CPAC

"Bitcoin represents digital capital. That network is $2 trillion today. It's going to be $20 trillion in four to eight years. It's going to be $200 trillion in 20 years."

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This nation became great because of the Louisiana purchase. We bought a third of the country from Napoleon for a few million dollars. Then we purchased Texas and California from the Mexicans for a few million more. Then we purchased Alaska from the Russians for a few million more. We didn't even know there'd be a trillion dollars of mineral rights underneath Alaska when we purchased it. They called it Seward's Folly. But what I'm describing is manifest destiny. If you want to create a great nation, you have to build it on valuable property. You have to know where is all the money headed. Where is the future? When we bought California, we didn't know there'd be a Hollywood. We didn't know there'd be a Silicon Valley. No one really considered. In 1867, we didn't have a petroleum industry. And so where is the money headed in the future? The money's headed to cyberspace. Bitcoin is property in cyberspace. The manifest destiny of this country is to own cyberspace. And I think that President Trump understands the value of owning scarce, desirable property. If we go to cyberspace and we buy Bitcoin and the nation embraces Bitcoin, then all of the capital in the world, all of the Chinese money, all the Russian money, all the European money, all of the money from the 20th century, the money invested in a Siberian warehouse, the money invested in fill in the blank, anything you could possibly own in Africa, all of that capital is flowing into cyberspace. It's going from physical to digital. It's flowing from the 20th century to the 21st century. The 21st century is going to be a billion AIs thinking a million times a second. And what are they going to be using to move their money around? They're going to use digital money because they can't get a bank account. They can't get a credit card. I have to approve my wire transfers from my bank once a week. It takes about 20 minutes. And they asked me on the phone whether the money should move. It's a good problem. What's 478,740 Bitcoin, Michael? The computers. We don't feel too bad is what I'm trying to say. Yeah, I get it. But my point really is we've been doing it that way for 50 years. And if you look at the way the digital economy is going to run in the 21st century, it's going to be a billion computers thinking a million times a second, moving assets at the speed of light. Bitcoin represents digital capital. That network is $2 trillion today. It's going to be $20 trillion in four to eight years. It's going to be $200 trillion in 20 years. Then it's going to grow faster than every other asset in the world. It's going to continue to grow. The United States should own it.
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