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Founder of 1confirmation: Countries May Adopt MicroStrategy's Bitcoin Strategy

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#Bitcoin
PANews
300Words
Jan 5, 2025

Nick Tomaino, the founder of 1confirmation, stated on the X platform that some countries are expected to attempt adopting MicroStrategy's "Bitcoin playbook." This strategy involves issuing government bonds with varying maturities (such as 5-year, 7-year, 10-year, etc.), using the proceeds to purchase cryptocurrencies, and repaying according to the loan's maturity. Tomaino pointed out that the question is not whether countries will do this, but which cryptocurrency they will purchase. It may start with Bitcoin ($BTC) and then move to Ethereum ($ETH). Any sufficiently decentralized currency could be involved. The market size of government bonds is larger than that of the stock market.

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