Michael Saylor, founder of Strategy (formerly MicroStrategy), has stated that establishing a Bitcoin strategic reserve would position the United States as a leading figure in cyberspace. In a recent interview with Fox News Channel, Saylor emphasized that Bitcoin serves as a secure means of savings for individuals, companies, and governments alike.
Bitcoin Will Take The U.S. to Cyberspace
With his company owning nearly 2.4% of the total Bitcoin supply, Saylor compared the cryptocurrency to digital land. He urged the U.S. government to act swiftly to secure its stake in this valuable asset before international competitors do. Saylor further elaborated that creating a Bitcoin strategic reserve transcends mere stockpiling; it represents a move to establish leadership in the burgeoning digital economy.
“It’s really that you’re taking control of planting the flag in cyberspace because the digital economy is going to be capitalized on Bitcoin,” he remarked.
Addressing the skepticism around government adoption potentially contradicting Bitcoin’s foundational principles as a decentralized asset, Saylor argued that Bitcoin’s protocol was intentionally designed for universal use. This design empowers not just individuals and businesses, but also nation-states. He believes that any country pursuing economic stability and financial sovereignty will come to recognize Bitcoin as a vital strategic asset.
If given the opportunity to counsel policymakers, Saylor indicated that he would advocate for clear regulations surrounding digital assets. He emphasized the importance of distinguishing between digital commodities like Bitcoin, digital currencies, and digital securities. With a well-defined regulatory framework in place, he supports the transparent and prudent accumulation of Bitcoin to fortify the nation’s financial resilience.
Altcoin Inclusion in The Crypto Reserve
Recently, President Donald Trump surprised many by announcing the consideration of altcoins such as Ethereum (ETH), Ripple (XRP), SOL (Solana), and Cardano (ADA) for a U.S. national crypto reserve. Despite acknowledging the importance of stablecoins and tokenized securities in modern financial markets, Saylor remains firm in his stance that only Bitcoin qualifies as a legitimate reserve asset.
“The important thing to keep in mind is Bitcoin is the one universally agreed-upon foundational asset in the entire crypto economy because it’s the asset without an issuer,” he asserted.
His position is shared by various industry leaders, including Coinbase’s CEO Brian Armstrong, who has identified Bitcoin as the most reliable long-term digital asset reserve. Additionally, Gemini co-founder Tyler Winklevoss has dismissed the inclusion of altcoins, asserting that Bitcoin alone is fit for such initiatives. Conversely, Peter Schiff has expressed support for a U.S. crypto reserve but opposes the integration of XRP and other altcoins into the plan.
Expectations are high as Trump prepares to unveil the Bitcoin reserve strategy at the White House Crypto Summit on March 7, where further insights into the plan’s structure and asset composition may be disclosed.
This blog post originally appeared on CryptoPotato.
