Michael Saylor Proposes Bitcoin Reserve to Boost US Economy and Stocks Surge
Michael Saylor, the executive chairman of Strategy, presented a comprehensive cryptocurrency strategy at the White House Digital Assets Summit. He argued that the U.S. could unlock up to $100 trillion in economic value over the next decade by establishing a clear regulatory framework, removing barriers to innovation, and strategically acquiring bitcoin. Saylor's proposal categorizes digital assets into four distinct classes: digital tokens for capital creation and innovation, digital securities for market efficiency, digital currencies for commercial use and to strengthen the dollar’s global position, and digital commodities like bitcoin for wealth preservation.
Saylor's strategy aims to reduce regulatory uncertainty and integrate digital assets seamlessly into the traditional financial system. He proposed the removal of restrictions on cryptocurrencies, which would allow entities in the U.S. quick access to capital markets while ensuring the U.S. dollar would remain integral to global commerce. His proposal also emphasized the need for fair disclosure and accountability to prevent fraud and conflicts of interest. Saylor called for ending “hostile and unfair tax policies” on the crypto sector, arguing that government support would allow the industry to “reach its full potential.”
Saylor's vision includes a strategic bitcoin reserve, which would see the U.S. acquire 5%-25% of the total bitcoin supply by 2035 through steady, programmatic purchases. He projected that by 2045, this reserve could generate between $16 to $81 trillion, offering a long-term solution for national debt reduction for the U.S. Saylor's proposal aligns with his earlier prediction that if the U.S. adds 1,050,000 BTC (5% of total supply) to its existing holdings and the asset surges to $13 million, the stash would be worth $16.23 trillion.
Saylor urged the U.S. government to take swift action to avoid losing the early adopter edge to other countries, which are already showing interest in the cryptocurrency industry. He classified the crypto industry into four sectors: digital tokens, securities, currencies, and commodities. Bitcoin, according to Saylor, falls under commodities, stablecoins under currencies, and assets like XRP under tokens. He believes that tokenized bonds and ETFs would escalate, classifying them under securities. If the U.S. builds its economy around these narratives, Saylor believes it could add $60 trillion to
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