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Saylor Pushes U.S. Bitcoin Strategy
Tesla Struggles as BYD Dominates and Bitcoin Drops After U.S. Reserve Plan
CRYPTO
Saylor Pushes U.S. Bitcoin Strategy
Michael Saylor, co-founder of Strategy, proposed a bold cryptocurrency strategy at the White House Digital Assets Summit, arguing that the U.S. could unlock $100 trillion in economic value over the next decade by establishing clear regulations and acquiring bitcoin.
Saylor categorized digital assets into four classes: digital tokens for innovation, digital securities for market efficiency, digital currencies to strengthen the dollar, and digital commodities like bitcoin for wealth preservation. He urged the U.S. to acquire 5%-25% of the total bitcoin supply by 2035, projecting that this could generate $16 to $81 trillion by 2045, potentially reducing national debt.
His plan calls for removing regulatory barriers, supporting banks in trading and financing bitcoin, and ending restrictive tax policies on crypto. The summit, attended by industry leaders, marked the Trump administration’s shift toward a more pro-crypto stance, positioning the U.S. as a leader in digital asset adoption.
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TECH
Tesla Struggles as BYD Dominates
Tesla’s dominance in China’s EV market is fading as sales decline for the fifth consecutive month. February shipments plunged 49% year-over-year to 30,688 vehicles, the lowest since mid-2022. While some of the drop is due to factory retooling, the trend was already downward. Tesla now holds just 2.6% of China’s domestic EV market, its lowest in a year.
Meanwhile, BYD is surging, selling 318,000 EVs and hybrids last month, up 161% year-over-year. With models like the Song Plus priced at $21,000 and the Seagull at just $9,900, BYD is undercutting Tesla. It also offers advanced driver-assistance tech in budget-friendly models, giving it a competitive edge.
Tesla’s higher prices and limited lineup hurt its position. To compete, it may need to rethink pricing, expand software features, and localize production. As BYD gains global traction, Tesla must adapt quickly to stay relevant in China’s evolving EV market.
CRYPTO
Bitcoin Drops After U.S. Reserve Plan
Bitcoin dropped Monday amid ongoing volatility following President Trump’s executive order to establish a U.S. strategic bitcoin reserve. Prices fell 6.5% to $80,650 before recovering slightly to $82,050, according to Coin Metrics.
The reserve will consist of seized bitcoin from criminal and civil cases, with no immediate government purchases. Investors were initially disappointed, expecting a more aggressive acquisition plan, leading to a market pullback. Other cryptocurrencies like ether and XRP also saw early declines but later rebounded.
Despite the dip, some analysts see long-term bullish potential. Bitwise CIO Matt Hougan argued that the executive order signals bitcoin’s geopolitical significance, suggesting other governments may follow suit. White House Crypto and AI Czar David Sacks hinted at future budget-neutral bitcoin acquisitions, reinforcing optimism.
Hougan called the sell-off a temporary reaction, predicting that markets will soon recognize the strategic reserve as a major bullish catalyst for bitcoin and crypto as a whole.
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