1confirmation founder: It is expected that countries will try to adopt Microstrategy's strategy to increase their holdings of Bitcoin

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MarsBit
2 days ago
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, Nick Tomaino, the founder of 1confirmation, posted on platform X that he expects to see countries quickly try to adopt MicroStrategy's strategy, such as:

- Issuing government bonds of different maturities (5-year, 7-year, 10-year, etc.);

- Using the bonds to purchase cryptocurrencies;

- Repaying the loans on time according to the loan term;

He also stated that the issue now is not whether countries will do this, but what kind of cryptocurrencies they will purchase, likely starting with BTC, but the next one will be ETH, and any sufficiently decentralized currency can participate. The government bond market is larger than the stock market.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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