MicroStrategy’s Chairman and strong Bitcoin (BTC) advocate Michael Saylor has recently shared his willingness to join America’s new political era.
In a recent update, Saylor mentioned that he is ready to participate should President-elect Donald Trump establish a crypto advisory council. He is willing to guide the President-elect on crypto matters to shape and reform the country’s digital assets policy.
Michael Saylor and The Big Bet on Bitcoin
Michael Saylor’s commitment to Bitcoin goes beyond words. Since 2020, he has actively supported Bitcoin, even putting his money where his mouth is. Having personally invested nearly $1 billion in Bitcoin, Saylor’s dedication to the digital currency has been unmatched.
That year, he proudly announced that he owned 17,732 BTC. This was even before his company, MicroStrategy, made its first large-scale purchase of the asset. Today, MicroStrategy owns a staggering 440,000 BTC, accounting for nearly 2% of the Bitcoin supply.
This massive accumulation is no accident. Saylor has called Bitcoin the “apex property of the human race.” He drew comparisons to the territories of Manhattan and Alaska that were once purchased during early American colonization.
For him, Bitcoin represents the future, an essential piece of cyberspace that the U.S. should own in bulk.
Donald Trump’s Crypto Shift and Saylor’s Support
Like many others, Michael Saylor sees Trump as the most Bitcoin and crypto-friendly Republican politician. Although Saylor is not a strong supporter of the Republican Party, he believes it has become more open to progressive changes in crypto regulation.
He supports their push to treat crypto as a tool for economic growth and lower regulatory pressure. Also, it encourages individuals to pursue their financial goals using digital assets, especially Bitcoin.
Before now, Trump was never a fan of crypto. Once a critic of Bitcoin, calling it “not money” and “based on thin air.”
However, in recent years, his views on crypto have changed significantly. During his campaigns this year, he accepted crypto donations and attended a major crypto conference. He publicly promised to make the U.S. the crypto capital of the world.
The Creation of a Crypto Advisory Council
Trump’s crypto journey is taking shape with the announcement of a potential crypto advisory council. While details remain scarce, some industry leaders seek to engage with the incoming administration. These include Coinbase, Ripple Labs, and Andreessen Horowitz (a16z).
If established, the council is expected to be key in shaping future crypto policies. This comes after Trump’s proposed tax cuts for crypto companies, creating a strategic Bitcoin reserve.
Trump has recently appointed pro-crypto executives to hold significant positions in his incoming administration. These moves are expected to impact the direction of crypto regulation in the U.S positively.
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