Michael Saylor has presented an ambitious plan for the US to acquire up to 25% of the world’s Bitcoin supply. This initiative aims to strengthen the country's economic position in the 21st-century digital economy.
Bitcoin Buying Strategy
In a document titled 'A Digital Assets Strategy to Dominate the 21st Century Global Economy,' Saylor suggests that the US should consistently purchase Bitcoin on a daily basis between 2025 and 2035. This accumulation could become a 'perpetual source of prosperity' for the nation. Saylor presented this idea at the White House Crypto Summit, emphasizing the importance of the principle 'Never sell your Bitcoin.' According to projections, by 2045, the reserve could generate over $10 trillion annually.
Government Support
Hours before Saylor’s presentation, Donald Trump signed an executive order to establish the Strategic Bitcoin Reserve and a Digital Asset Stockpile. The initiative is funded using Bitcoin seized in criminal cases and follows a budget-neutral approach, ensuring no financial strain on taxpayers. Previously, Senator Cynthia Lummis proposed a bill that recommended holding 1 million BTC, which constitutes 5% of the total supply.
MicroStrategy’s Role
While the US government considers its Bitcoin strategy, Saylor's firm, MicroStrategy, continues to aggressively acquire cryptocurrency. On February 24, the company purchased an additional $2 billion worth of BTC, increasing its total holdings to 500,000 BTC. The purchase was funded through a $2 billion senior convertible note offering.
Michael Saylor's plan to create a significant Bitcoin reserve in the US could greatly impact the country's economic role worldwide. Acquiring a substantial portion of Bitcoin could enhance the US's position in the digital economy.
