After spending the past four years adding Bitcoin to MicroStrategy’s reserves and profiting over $15 billion, Michael Saylor is calling on the United States to adopt Bitcoin as a strategic national asset.
He claims this could bolster the dollar, tackle national debt, and unlock trillions in economic value.
“A strategic digital asset policy can empower millions of businesses, drive growth, and create trillions in value,” Saylor said.
His proposal includes categorising assets like Bitcoin as “digital commodities” and establishing clear rights and responsibilities for issuers, exchanges, and owners.
The US already has a head start, holding over 207,000 Bitcoin seized in cases like the Silk Road — more Bitcoin than any other national government.
While Saylor doesn’t mention these holdings in his plan, he envisions a Bitcoin reserve creating $16 trillion to $81 trillion in wealth for the US Treasury to help offset the national debt.
He also foresees the digital asset market expanding to $280 trillion — more than 100 times its current size — but provides no specifics on how he arrived at these figures.
Senator Cynthia Lummis has proposed a rough framework for a Bitcoin reserve, suggesting the US Treasury purchase 200,000 Bitcoin annually for five years until the reserve reaches one million tokens — about 5% of Bitcoin’s total supply.
Under her plan, these purchases would be funded through profits on Federal Reserve bank deposits and gold holdings, with the reserve maintained for a minimum of 20 years.
Saylor also warned that inaction could leave the US trailing nations like China.
“The United States has an opportunity to catalyze a 21st-century capital markets renaissance, unleashing trillions of dollars in value creation,” he said.
Crypto market movers
Bitcoin is down 3% over the past 24 hours to $96,160.
Ethereum is down 6.3% to $3,325.
What we’re reading
Jump Trading crypto subsidiary hit with $123m fine over TerraUSD scandal — DL News
Ohio Republican Senator Bernie Moreno to Serve on Influential Senate Banking Committee — Unchained
Hex founder Richard Heart wanted by Interpol, Europol on charges of tax evasion and assault — The Block
Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41% — CoinDesk
The Fed looms like Grinch over Bitcoin, Ethereum, and XRP — DL News
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email at kbaird@dlnews.com.
