Coinbase CEO: US Government to Own $600 Billion Bitcoin Reserves; Saylor Plans More Buys; Keiser, Draper Predict Price Surge
By: defi news|2025/05/11 20:45:04
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Coinbase CEO has stated that the U.S. government is expected to own over $600 billion in Bitcoin reserves, with plans to purchase $100 billion in Bitcoin soon. Billionaires Max Keiser and Tim Draper have expressed bullish views on Bitcoin's future value, with Keiser predicting a price of $850,000 during this cycle and Draper suggesting it could reach "infinity." Michael Saylor, a prominent Bitcoin advocate and executive chairman of MicroStrategy Inc., has called for the U.S. to buy Bitcoin and indicated that other countries may have to purchase it at prices as high as $50 million. Saylor has also announced plans to buy more Bitcoin imminently, as reflected in his publicly shared "Saylor Tracker" chart, which signals another Bitcoin purchase is forthcoming.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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