From Yahoo Finance: 2025-03-27 17:38:00

MicroStrategy’s CEO Michael Saylor praises Bitcoin as the future of the United States at the DC Blockchain Summit. Senator Cynthia Lummis agrees, advocating for a Bitcoin strategic reserve to address the nation’s debt and boost financial resilience.

Lummis emphasizes Bitcoin’s potential to cut national debt in half over 20 years. She sees digital assets like Bitcoin as a solution to the U.S.’s financial challenges, echoing a growing sentiment in Washington for their official integration into economic strategy.

Saylor’s endorsement of Bitcoin led to a 0.11% price spike, pushing Bitcoin to $87,273.47. The market cap also rose by 0.09%. The market responded positively to Saylor’s comments, with the Fear and Greed Index jumping from 50 to 65, indicating increased market optimism and enthusiasm.

Read more: Bitcoin could halve U.S. debt in 20 years, says Senator Cynthia Lummis