MicroStrategy’s co-founder and executive chairman, Michael Saylor, continues to be a vocal advocate for Bitcoin, this time expressing his support for former President Donald Trump’s idea to create a strategic Bitcoin reserve for the United States. The seasoned entrepreneur drew parallels between this proposition and historic U.S. acquisitions like the Louisiana Purchase, emphasizing the transformative financial opportunities that such a move could bring.
Saylor was quick to highlight the significant value that Bitcoin could potentially contribute to the U.S. economy. He referred to proposals like that of Senator Cynthia Lummis, who suggested acquiring one million Bitcoins. According to Saylor, such a plan could inject an estimated $16 trillion into the U.S. economy. He further pointed to Robert F. Kennedy Jr.’s plan of acquiring 4 million Bitcoins, which could potentially generate a value of up to $56 trillion. Saylor suggested that Trump’s ambitions could go even further, potentially generating up to $81 trillion, an amount that surpasses the current U.S. national debt of $36 trillion by more than twofold.
“All capital outside the US and outdated 20th-century investments are shifting to digital assets like Bitcoin,” Saylor said, arguing that the U.S. should seize this opportunity to ‘own the future.’ “The logical move for the US is to collateralize Bitcoin now.”
Saylor further proposed a gradual accumulation strategy for Bitcoin, similar to the gradual acquisition of Manhattan over decades. He suggested that the U.S. could potentially acquire 20-25% of the Bitcoin network by reallocating gold reserves or taking on a small amount of debt. Given his prediction that Bitcoin’s network value could increase 100-fold, he conveyed a sense of urgency to act before its exponential growth.
But for this to be successful, Saylor stressed the importance of establishing a robust digital asset framework. He underscored the need for clear definitions of digital commodities, currencies, securities, and tokens, and clarified the rights and responsibilities of issuers, exchanges, and owners. He postulated, “The opportunity for the U.S. is to issue $10 trillion worth of digital currency to support the dollar, generate $50 trillion in capital gains, and position itself as a leader in the $500 trillion tokenized asset market over the next two decades.”
Saylor’s long-term outlook on Bitcoin remains extremely optimistic, predicting that Bitcoin will appreciate at a 29% annual rate over the next 21 years, reaching $13 million per coin by 2045.