Michael Saylor proposed a new framework regarding digital assets and predicted that the US government could easily create a wealth of up to $81 trillion with Bitcoin only.
Michael Saylor is the former CEO & current chairman of the business intelligence firm Microstrategy. This company trades on the Nasdaq exchange under the ticker index $MSTR. Currently, this company is holding a net 439,000 $BTC, worth nearly $41.57 billion. Under the leadership of Saylor, Microstrategy started buying Bitcoin in 2020 & now aims to make Microstrategy a Bitcoin millionaire company.
On 21 Dec 2024, Michael Saylor shared his proposal, the digital assets framework, & said that the framework can make a crystal clear path for the US’s financial position to grow with strong dominance.Saylor believes that his proposal can help to create the best policies to strengthen the US dollar & help the US economy to increase wealth between $16 trillion and $81 trillion, which further helps the US government to reduce the debt pressure.
A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. https://t.co/7n7jQqPkf1
— Michael Saylor⚡️ (@saylor) December 20, 2024
A similar kind of proposal, the “Bitcoin Strategic Reserve Act”, is also in discussion, proposed by the Bitcoin-friendly US Senator Cynthia Lummis from Wyoming. Notably, Saylor’s digital assets framework failed to mention the Bitcoin Strategic Reserve Act.Just three days ago, Lummis praised her Bitcoin Act as a way to create wealth & offset US debt.
The national debt grows every day thanks to Washington’s spending addiction. My strategic bitcoin reserve constructs a resilient financial system to eliminate the debt. We need the #BITCOINAct ! https://t.co/nQtI4RuQ6F
— Senator Cynthia Lummis (@SenLummis) December 19, 2024
Binance’s former CEO joins Microstrategy
In the latest development, Bitcoin bull firm MicroStrategy has added three new members to its board of directors. One of the board directors is Brian Brooks, former BinanceUS CEO.
🚨 LATEST: Former Binance US CEO Brian Brooks takes board seat at MicroStrategy. pic.twitter.com/6zGp46EJE4
— Cointelegraph (@Cointelegraph) December 22, 2024
Bitcoin platform Swan Bitcoin called this development a very big deal.
NEW: Michael Saylor has added Brian Brooks, former Acting 🇺🇸 Comptroller of the Currency and CEO of Binance, to MicroStrategy's Board of Directors 🔥This is a BIG deal. As Comptroller, Brooks oversaw the entire US banking system and is deeply connected.Is $MSTR about to… pic.twitter.com/76dQJoCSvT
— Swan (@Swan) December 21, 2024
It is worth it to note that Brooks resigned from the BinanceUS CEO position within four months of joining, citing differences in strategic direction.
Read also: United Arab Emirates (UAE) holds $40 billion in Bitcoin
