Strategy founder Michael Saylor has proposed that the US government acquire up to 25% of Bitcoin's total supply over the next decade, sparking discussion within the crypto community.
Saylor's Bitcoin Proposal
Michael Saylor outlined his plan in the document 'A Digital Assets Strategy to Dominate the 21st Century Global Economy,' where he recommended the US government to make consistent purchases of Bitcoin, aiming to hold 5-25% of the Bitcoin network by 2035. He claims this could be a perpetual source of prosperity for the nation.
Meeting with US President
Saylor presented his proposal at the 'White House Crypto Summit' on March 7, which was attended by Donald Trump and global crypto leaders. He also called for a 'Never sell your Bitcoin' policy, predicting that by 2045, the Strategic Reserve could generate over $10 trillion annually.
Trump's Bitcoin Order
Earlier that day, Donald Trump signed an executive order establishing a 'Strategic Bitcoin Reserve' and a 'Digital Asset Stockpile,' initially funded with cryptocurrency seized in criminal cases. Although the order didn't include an immediate plan to buy more Bitcoin, it stated that the Treasury and Commerce secretaries would develop 'budget-neutral strategies' for purchasing Bitcoin.
Michael Saylor's plan could significantly alter the US's position in the global crypto market if the government decides to follow his recommendations. However, time will tell if this measure will be implemented.
