The post Best Altcoins to HODL as Saylor Suggests the US to Buy 20% BTC appeared on BitcoinEthereumNews.com.

Michael Saylor at Strategy suggested the US should buy 20% of the entire $BTC supply to fund its strategic Bitcoin reserve. That’s an ambitious target, as there’s only room for one country worldwide to control one-fifth of the network, given $BTC’s scarcity. This would give the US a serious economic and, possibly, geopolitical advantage. If the US doesn’t follow this advice, ‘the Saudis would buy it first, or the Russians, or the Chinese or Europeans,’ says Saylor. But the US is most likely to win this race with its current pro-crypto administration. While a federal-level Bitcoin reserve is still under question, several states are considering creating their own reserves. Namely, Utah’s Bitcoin Reserve House Bill 230 has progressed to the second senate reading. Were the US government to buy 20% of the 21M token supply, it would send $BTC to unprecedented heights, and other crypto would follow suit. Of course, this won’t happen in the blink of an eye. That’s why we picked the best altcoins to hold long-term as crypto enters its next major expansion phase. 1. Solaxy ($SOLX) Is the Layer-2 Solution Solana Desperately Needs Solana is the second-largest crypto ecosystem, closely following Ethereum with its $765B market capitalization. For a record, in January 2024, Solana ecosystem’s market cap was a little over $100B. The influx of new projects and meme coins on Solana proves the network has what it takes to rival Ethereum. But first, Solana needs to address its scalability limitations. Solaxy ($SOLX) is the first-ever Layer-2 solution for Solana, built on Ethereum’s rollup architecture. It will bundle transactions from the Solana mainnet and offload them to its side chain for more efficient processing. As a result, Solaxy could prevent network congestion and failed transactions. The $SOLX token presale generated $22.7M in funding since its launch.…

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Filed under: News - @ February 21, 2025 11:19 am