Michael Saylor Endorses Trump’s Bitcoin Reserve Strategy in New Policy Initiative

Michael Saylor, the founder of MicroStrategy, has shown strong endorsement for President-elect Donald Trump’s initiative to create a strategic Bitcoin reserve.

Outlined in his “Digital Assets Framework” policy released on Friday, the proposal presents a strategy for the United States to promote growth in the digital asset sector, establish clear compliance guidelines, and guarantee defined rights for holders of crypto assets and businesses.

Saylor Emphasizes U.S. Leadership in Digital Economy

Saylor’s framework highlighted the necessity for the U.S. to take the lead in the global digital economy through advancements in digital assets.

“By creating a clear taxonomy, a legitimate rights-based structure, and practical compliance requirements, the United States can spearhead the global digital economy,” he stated.

He further noted that such initiatives could unlock trillions of dollars in wealth, empower millions of enterprises, and reinforce the U.S. dollar’s position as the foundation of the digital financial ecosystem.

A long-time proponent of Bitcoin, Saylor rose to prominence in 2020 when MicroStrategy began acquiring substantial quantities of the cryptocurrency.

The firm, which primarily offers business intelligence software, currently possesses an estimated $42.6 billion in Bitcoin, making it the largest corporate holder of the asset.

Although Saylor is often seen as a Bitcoin maximalist, his framework encompasses more than just Bitcoin, advocating for universal standards applicable to all digital assets.

He proposed the development of a comprehensive taxonomy to categorize digital assets, including “digital commodities” like Bitcoin, “digital securities” such as tokenized equity or debt, “digital currencies” backed by fiat, and “digital tokens” that provide utility.

Non-fungible tokens (NFTs) and tokens associated with physical assets like gold and oil are also distinctly classified.

MICHAEL SAYLOR: Dump all US gold for 5M #Bitcoin—the trade is free. Demonetize enemy gold reserves to zero while we take control of the World’s Reserve Capital Network pic.twitter.com/XpWhVtKeuF

— Swan (@Swan) December 7, 2024

Saylor’s proposal advocates for a strong framework of rights and responsibilities for issuers, exchanges, and other stakeholders in the digital asset ecosystem.

This framework would promote transparency, adherence to local regulations, and accountability.

“No one has the right to lie, cheat, or steal. All participants are civilly and criminally accountable for their actions,” he stressed.

To foster innovation, Saylor recommends capping compliance expenses for token issuance at 1% of a firm’s assets under management and limiting annual maintenance costs to no more than 10 basis points.

He contended that this strategy could drastically reduce the cost of issuing tokens, from $10–100 million to $10–100 thousand, and shorten the timeline for launching new digital assets to mere minutes instead of years.

Saylor Advocates for Expanding Stablecoin Market

At the core of Saylor’s vision is the aim to position the U.S. dollar as the “global reserve digital currency.”

He suggests expanding the stablecoin market from its current $25 billion to $10 trillion, which would generate significant demand for U.S. Treasuries and solidify the dollar’s supremacy.

Saylor also endorses the creation of a strategic Bitcoin reserve, a policy supported by lawmakers such as Senator Cynthia Lummis and President-elect Trump.

While Saylor did not specify the reserve’s size, he indicated it could generate wealth ranging from $16 to $81 trillion, potentially eliminating the U.S. national debt of $36 trillion.

Trump has reiterated his commitment to retaining the government’s 198,000 BTC acquired through criminal seizures and has recently expressed support for a Bitcoin reserve.

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