MicroStrategy founder Michael Saylor has suggested the United States should acquire 1 million Bitcoin as part of its strategic crypto reserve. The proposal came during a FOX Business interview ahead of a White House crypto summit with former President Donald Trump.
Saylor confirmed his company currently holds approximately 500,000 BTC, representing "about 2.4% of the global supply." He was among several crypto industry leaders invited to discuss digital asset policies at the presidential roundtable.
Funding the Initiative
When asked about funding such a large-scale acquisition, Saylor outlined a phased approach:
- Referenced a "six-month process" established by a recent executive order
- Involves a 12-member presidential working committee
- Includes industry participation and congressional oversight
- Builds upon existing legislative frameworks like Senator Lummis' proposed bill for strategic BTC accumulation over four years
The US government currently holds an estimated 200,000 BTC (worth ~$17 billion at current prices).
👉 Why Bitcoin is becoming essential for national reserves
Key Implementation Principles
Saylor emphasized:
- Gradual Acquisition: Avoid market disruption through transparent, measured purchases
- Legal Classification: Bitcoin as "digital property" without central issuance
- Public Education: Helping citizens understand BTC as a wealth preservation tool
"Bitcoin's core value lies in being recognized as digital property—a savings account where Americans can preserve wealth over time," Saylor explained.
Bitcoin's Unique Position
While acknowledging other digital assets' roles, Saylor identified BTC as:
- The only universally recognized foundational asset in crypto
- A "digital commodity" suitable for national reserves
- Distinct from stablecoins, tokenized securities, or utility tokens
He drew historical parallels: "We purchased 75% of this nation's land for about $40 million. Bitcoin is property in cyberspace—where global wealth is increasingly flowing."
Addressing Decentralization Concerns
For those concerned about government involvement conflicting with Bitcoin's decentralized nature, Saylor noted:
- Satoshi's protocol allows for organic adoption
- National participation reflects economic empowerment
- Regulation evolves with mainstream adoption
Bitcoin currently trades at $91,725 (as of reporting).
FAQ Section
Q: Why 1 million Bitcoin specifically?
A: This represents a strategic reserve comparable to gold holdings, giving the US significant influence in the digital asset space while remaining achievable through phased accumulation.
Q: How would this affect Bitcoin's price?
A: Methodical purchasing would minimize market disruption. Long-term, official recognition could increase institutional adoption and price stability.
👉 Understanding Bitcoin's role in modern portfolios
Q: Isn't this contrary to Bitcoin's decentralized ethos?
A: Saylor views this as natural progression—like nations adopting the internet. The protocol remains unchanged while usage expands.
Q: What safeguards would prevent misuse?
A: The proposed legislative framework includes congressional oversight, transparent reporting, and defined acquisition limits.
Q: Could other nations follow suit?
A: Yes—first-mover advantage makes this strategically valuable. Several countries are already exploring crypto reserves.
Q: How does this differ from ETF approvals?
A: Direct government holding creates sovereign exposure rather than relying on private financial products.
Disclaimer: This content is for educational purposes only and does not constitute financial or legal advice. Always conduct your own research or consult professionals when dealing with cryptocurrency assets.
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