Michael Saylor, the executive chairman of MicroStrategy (MSTR), strongly believes that the United States government should establish a strategic reserve of bitcoin (BTC). Although this idea is currently just a thought and not a concrete plan, Saylor is confident that it should and will be implemented. He emphasized the importance of protecting the dollar by retiring debt and becoming rich, and suggested that investing in bitcoin is a way to achieve this goal.
During a presentation at the Cantor Crypto, Digital Assets & AI Infrastructure Conference in Miami, Saylor expressed his support for a bill proposed by Sen. Cynthia Lummis (R-Wyo.). This bill aims to increase the country’s holdings of bitcoin from the current 200,000 tokens to one million tokens over a period of five years. Saylor referred to this potential move as the “greatest deal of the 21st century,” highlighting the significant benefits it could bring to the United States.
Saylor also drew parallels between the idea of the U.S. government purchasing bitcoin and historical strategic acquisitions such as the Louisiana Purchase and the acquisition of California and Alaska. He emphasized that these strategic purchases have historically resulted in substantial returns for the country. Saylor pointed out that the concept of buying strategic assets is not new, citing examples like gold, oil, grain, and helium.
If Sen. Lummis’ bill is passed as drafted, Saylor estimates that the U.S. could benefit by $16 trillion from the one million bitcoin purchase. He also presented a “Trump Max” scenario in which the country acquires four million bitcoin, potentially leading to a return of $81 trillion. Saylor believes that this approach is the rational way forward for the United States.
Overall, Saylor’s insights underscore the potential benefits of the U.S. government building a strategic reserve of bitcoin. He argues that this move could not only protect the dollar but also yield significant returns for the country. As the discussion around this topic continues, it will be interesting to see how the government and policymakers respond to the idea of incorporating bitcoin into the country’s strategic assets.