Donald Trump

Bitcoin

James

Coin

<ul class="news-points">
 <li><strong>Bitcoin has served as an ideal treasury asset for Nayib Bukele and Michael Saylor.</strong></li>
 <li><strong>El Salvador holds 5,750 BTC, while MicroStrategy holds 226,331 Bitcoins.</strong></li>
 <li><strong>James Murphy thinks Bitcoin’s potential to increase in value makes it an ideal reserve asset.</strong></li>
</ul>
<p>James Murphy, the crypto lawyer known as MetaLawMan on X, argues that Bitcoin has served as an ideal treasury asset for Nayib Bukele, El Salvador’s President, and Michael Saylor of MicroStrategy. Murphy made this statement to reinforce his earlier post on the potential role of Bitcoin in the ongoing U.S. presidential campaign.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Looking at this objectively, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> as a treasury reserve asset has been working out pretty well for <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@nayibbukele</a> and Michael <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@saylor</a> so far.<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Uvt7MRRXVo" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Uvt7MRRXVo</a></p>— MetaLawMan (@MetaLawMan) <a href="https://twitter.com/MetaLawMan/status/1816214029112860904?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Last month, Murphy posited that the most logical step for a pro-Bitcoin presidential candidate would be to declare that the U.S. Treasury would purchase Bitcoin to hold as permanent reserves. That statement followed comments made by Donald Trump during one of his campaign rallies where he said:</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>&nbsp;“All Bitcoin mining should be in the U.S.”&nbsp;</p>
</blockquote>
<p>Under Bukele’s leadership, El Sa…</p>
<p>The post <a href="https://coinedition.com/bitcoin-as-a-treasury-reserve-el-salvador-and-microstrategy-lead-the-way/" rel="noopener noreferrer nofollow">Bitcoin as a Treasury Reserve: El Salvador and MicroStrategy Lead the Way</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin as a Treasury Reserve: El Salvador and MicroStrategy Lead the Way

Coin Edition

Other articles published on Jul 26, 2024

BitFlyer Holdings Acquires FTX Japan, Eyes Crypto ETFs

Bitcoin A 'Perfect Solution' To Some African Problems, Says Fossil Fuel Advocate — From Electrici...

US Senator Bill Hagerty Plans To Introduce Pro-Bitcoin Bill

Dogecoin Poised for Massive Rally: Analyst Predicts Historic Bull Run Based on Past Patterns

Memecoin Market Sees Significant Growth Led by Popular Tokens

Decoding Bitcoin’s Future: Predictions and Factors Driving Its Next Bull Run

Join our free newsletter for daily crypto updates!