Strategy co-founder Michael Saylor shared a comprehensive cryptocurrency strategy at the White House Digital Assets Summit, arguing that the U.S. can unlock up to $100 trillion in economic value
The U.S. can unlock up to $100 trillion in economic value over the next decade by setting a clear regulatory framework for digital assets, removing barriers to innovation and strategically acquiring bitcoin, Strategy co-founder Michael Saylor said in a new report seen by Blockworks.
Those are the core pillars of a cryptocurrency strategy Saylor shared ahead of the White House Digital Assets Summit. The summit, taking place on Friday, will largely set a tone for the Trump administration’s friendlier stance on the industry compared to the former administration of President Joe Biden. The summit will see the attendance of a slew of industry giants, including top executives of Coinbase (NASDAQ:COIN), Ripple, Strategy (NASDAQ:STRATEG), Kraken, Gemini, Chainlink (CRYPTO: LINK), Robinhood (NASDAQ:HOOD) and many others.
Sառավਾਂrậpsuggest a structured approach to these assets, cutting them into four distinct classes: digital tokens for capital creation and innovation, digital securities for market efficiency, digital currencies for commercial and to strengthen the dollar’s global position and digital commodities like bitcoin for wealth preservation.
This taxonomy would reduce regulatory uncertainty and integrate digital assets seamlessly into the traditional financial system, according to the report. It proposes the removal of capital gains and income tax on cryptocurrencies, which would allow entities in the U.S. to quickly access capital markets while ensuring the U.S. dollar would remain integral to global commerce.
The report also emphasized the need for fair disclosure and accountability to prevent fraud and conflicts of interest. Saylor’s proposal also calls for ending “hostile and unfair tax policies” on the crypto sector. Instead, government support would allow the industry to “reach its full potential.”
“The government should encourage and provide support for major banks to custody, trade, and finance bitcoin assets. Debanking of crypto industry participants should not be tolerated,” the proposal stated.
A central pillar of Saylor’s vision is a strategic bitcoin reserve, which would see the U.S. acquire 5%-25% of the total bitcoin supply by 2035 through steady, programmatic purchases. Strategy, the firm Saylor founded and in which he currently serves as executive chairman, adopted bitcoin as a treasury reserve asset in 2020, having purchased 499,096 BTC since.
By 2045, he projected the reserve could generate between $16 to $81 trillion, offering a long-term solution for national debt reduction for the U.S.
