- Bitcoin served as a super treasury asset for Nayib Bukele and Michael Saylor.
- El Salvador holds 5,750 BTC whereas MicroStrategy holds 226,331 Bitcoins.
- James Murphy thinks Bitcoin's potential to extend in worth makes it a super reserve asset.
James Murphy, a cryptolawyer referred to as MetaLawMan on X, claims that Bitcoin served as a super treasury asset for Nayib Bukele, the president of El Salvador, and Michael Saylor of MicroStrategy. Murphy made this assertion to strengthen his earlier submit about Bitcoin's potential position within the ongoing US presidential marketing campaign.
If we have a look at it objectively, #Bitcoin it labored fairly properly as a authorities reserve asset @nayibbukele and Michael @saylor but.
https://t.co/Uvt7MRRXVo
— MetaLawMan (@MetaLawMan) July 24, 2024
Final month, Murphy speculated that probably the most logical transfer for a bitcoin presidential candidate could be to declare that the US Treasury Division would purchase bitcoins to carry as everlasting reserves. The assertion adopted Donald Trump's feedback throughout considered one of his marketing campaign rallies the place he mentioned:
“All Bitcoin Mining Ought to Be In The US”
Underneath Bukele's management, El Sa…
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