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Cryptocurrency News Articles
Michael Saylor Urges the US Government to Take an Aggressive Stance on Bitcoin
Mar 09, 2025 at 05:02 pm
Michael Saylor, founder of Strategy, has urged the United States government to take an aggressive stance on Bitcoin.
Michael Saylor, the founder of Strategy, is known for his ardent support of Bitcoin. Recently, Saylor presented President Donald Trump, key government executives, and top crypto leaders with a proposal for a U.S. Strategic Bitcoin Reserve (SBR) at the White House Crypto Summit on March 7.
The proposal, titled "A Digital Assets Strategy to Dominate the 21st Century Global Economy," details a strategic plan for the United States to acquire Bitcoin consistently over the next ten years through daily purchases.
"The government should acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued," according to Saylor.
I shared this today at the White House Digital Assets Summit.https://t.co/cmOXdDC9pd
If the government follows through, it could end up holding 5.25 million BTC—far beyond the 1 million BTC proposed by Wyoming Senator Cynthia Lummis in the Bitcoin Act introduced in July 2024.
Such a massive accumulation, according to Saylor, would position the U.S. as a dominant force in the global digital economy.
Trillions on the Table
Saylor argues that its long-term potential is too big to ignore. His estimates suggest that by 2045, the Strategic Reserve could generate over $10 trillion annually. Between now and then, he believes the reserve could contribute anywhere from $16 trillion to $81 trillion to the U.S. Treasury, potentially easing the national debt.
The government should actively support major banks in handling Bitcoin assets, including custody, trading, and financing. "Debanking of crypto industry participants should not be tolerated," his proposal states. He has also called for an end to what he describes as "hostile and unfair tax policies" toward the crypto sector, advocating for government-backed support instead.
His vision rests on one key principle: Never sell Bitcoin. He asserts that keeping BTC in reserve would serve as a "perpetual source of prosperity" for Americans, helping stabilize the economy over the long haul.
Trump Moves First With Strategic Bitcoin Reserve
While the U.S. government hasn't yet committed to buying more BTC, it has already taken an initial step. On March 7, President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile. These reserves will be initially funded with cryptocurrency seized in criminal cases.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings," David Sacks wrote in a post on X.
The White House AI and crypto czar described the move as creating a "digital Fort Knox" and assured that the government had no intention of selling the cryptocurrency placed in the reserve. "It will be kept as a store of value," he added.
Though Trump's executive order does not include an immediate plan for large-scale BTC purchases, it instructs the Treasury and Commerce secretaries to develop "budget-neutral strategies" to acquire more, ensuring no extra cost to taxpayers.
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