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CNBC host Jim Cramer claims that Strategy co-founder Michael Saylor requires a strategic Bitcoin reserve in order to safeguard his fortunes. The suggestion is based on the idea of establishing a cryptocurrency reserve similar to the existing strategic petroleum reserve (SPR), which aims to reduce the impact of possible energy market disruptions.
Cramer has drawn parallels between the two concepts, stating that just as oil reserves are essential for the US energy security, a Bitcoin reserve would be necessary for Saylor’s financial stability. According to him, this reserve would serve as a hedge against any potential economic downturns or financial turmoil.
As reported by U.Today, Saylor has repeatedly advocated for the establishment of a Bitcoin reserve, suggesting that dumping gold for Bitcoin could be beneficial for the US geopolitical interests.
Source: https://u.today/cramer-saylor-needs-strategic-bitcoin-reserve
