MicroStrategy's founder, Michael Saylor, has announced a comprehensive framework aimed at integrating digital assets into the U.S. financial system. This framework emphasizes the necessity of creating a clear regulatory environment, transparent governance standards, and good interoperability to encourage institutional investment and expand the acceptance of cryptocurrency assets.
"A strategic digital asset policy could strengthen the power of the U.S. dollar, help reduce national debt, and position the U.S. as a global leader in the 21st-century digital economy."
Michael Saylor
Key objectives of the framework
One of the main goals of the framework is to promote the growth of the digital currency market from the current $25 billion to $10 trillion, thereby creating strong demand for U.S. Treasury bonds. The framework also proposes to expand the global digital capital market from $2 trillion to $280 trillion, while ensuring that investors in the U.S. will hold the majority of this asset pool.
Additionally, this framework advocates for the development of the digital asset market beyond Bitcoin, from $1 trillion to $590 trillion, thereby reinforcing the U.S.'s leading position in this field. A strategic Bitcoin reserve fund is also proposed, with the potential to generate between $16 trillion and $81 trillion in assets, opening up opportunities to offset national debt and enhance financing for the U.S. Treasury.
Market context and MicroStrategy's strategy
This framework is published in the context of a volatile digital asset market, as Bitcoin's price dropped from $108,000 to $92,000 following the Federal Reserve Chair Jerome Powell's hawkish statements, before recovering to $97,000 at the time of writing.
Since November 11, MicroStrategy has continued to buy Bitcoin weekly, marking the sixth consecutive week that the company has made purchases. This strategy aligns with MicroStrategy's goal of expanding its Bitcoin holdings, with a total of 186,780 BTC accumulated from November to December 2024.
Currently, the total amount of Bitcoin that MicroStrategy owns has reached 439,000 BTC, worth over $42.6 billion, reinforcing the company's stance on Bitcoin as a store of value. This aligns with the vision that this framework sets forth regarding the role of digital assets in the global financial system.
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