Saturday, December 27, 2025

Michael Saylor Claims Bitcoin Is Bigger Than Google And The US Navy Combined

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Bitcoin (CRYPTO: BTC) gained fresh attention on Wednesday after Strategy executive chairman (NASDAQ: MSTR) Michael Saylor said the asset now consumes more power than the U.S. Navy and the combined infrastructure of Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL).

Speaking at Binance Blockchain Week, Saylor said Bitcoin’s rise from speculative instrument to “digital capital” accelerated once President Donald Trump positioned himself as the “Bitcoin president” and appointed crypto-friendly officials across the federal government.

He cited Vice President Vivek Ramaswamy, Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, Tulsi Gabbard, and Kelly Loeffler among those shaping a pro-digital-asset regulatory regime.

Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

He said the shift marked a clear break from earlier administrations that discouraged banks from offering cryptocurrency services.

The new approach, he argued, has created alignment between policymakers, capital markets, and the technology sector.

Saylor said the most surprising transformation came from the banking industry, which he described as historically “hostile” toward cryptocurrencies.

Within the past 12 months, he said firms including BNY Mellon (NYSE:BK), Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Charles Schwab (NYSE:SCHW), and Bank of America (NYSE:BAC) shifted from restrictive policies to active custody and lending services.

“Eight of the top ten banks now engage in crypto lending,” he said, noting that the move reflects a 180-degree reversal in tone from regulators and supervisors.

He added that the rise of Bitcoin ETFs accelerated acceptance, highlighting BlackRock’s IBIT fund (NASDAQ:IBIT) and calling it the most successful ETF launch to date.

Saylor compared Bitcoin’s infrastructure to major national and corporate systems, saying the network now consumes 24 gigawatts of energy, roughly equivalent to 24 nuclear reactors.

He claimed this exceeds the total energy used to operate the U.S. Navy.

He also claimed Bitcoin’s total computation surpasses the combined data center capacity of Microsoft Corp and Alphabet Inc.’s Google.

Source link

Hot this week

What You Need to Know

Houston, Texas-based Kinder Morgan, Inc. (KMI)...

Stryker Earnings Preview: What to Expect

Portage, Michigan-based Stryker Corporation (SYK) is a...

Why women need specific nutrition as they age

India continues to face a heavy burden of anaemia,...

What to Expect From Sysco’s Report

Valued at $35.6 billion by market cap, Sysco...

Topics

What You Need to Know

Houston, Texas-based Kinder Morgan, Inc. (KMI)...

Stryker Earnings Preview: What to Expect

Portage, Michigan-based Stryker Corporation (SYK) is a...

Why women need specific nutrition as they age

India continues to face a heavy burden of anaemia,...

What to Expect From Sysco’s Report

Valued at $35.6 billion by market cap, Sysco...

Starbucks’ Q1 2026 Earnings: What to Expect

Seattle, Washington-based Starbucks Corporation (SBUX) is the...

Related Articles

Popular Categories