- Michael Saylor says Bitcoin could generate $81tn and help the US offset debt.
- His plan calls for the US to acquire up to 25% of the total Bitcoin supply.
Michael Saylor took his Bitcoin evangelism to the White House on Friday, presenting his roadmap to an $81 trillion digital asset strategy at the administration’s first-ever crypto summit.
His plan calls for the US to embrace Bitcoin as a strategic national asset, which he claims will help bolster the dollar, reduce national debt, and establish economic dominance.
Saylor’s proposal aligns with President Donald Trump’s executive order signed Thursday, which converts $17 billion in seized Bitcoin holdings into a strategic reserve and bans federal agencies from selling these Bitcoins.
“From this day on, America will follow the rule that every Bitcoiner knows very well: never sell your Bitcoin,” Trump said.
Saylor argues that Bitcoin should be the foundation of a revamped US financial system that integrates digital tokens, securities, and currencies.
He sees Bitcoin’s role as a digital commodity, attracting global capital flows and establishing the US as the financial epicenter of the 21st century.
His vision includes programmatic government Bitcoin purchases, potentially securing up to 25% of the network by 2035.
To reach his $81 trillion projection, Bitcoin would need to surpass $15 million per coin, a valuation exponentially higher than today’s prices.
In December, Saylor predicted that in this scenario, the digital asset market would expand to $280 trillion — around 100 times its current size — but provided no specifics on how he arrived at these figures.
Despite growing support, some investors expected more aggressive policy changes from the summit.
Still, Saylor remains steadfast in saying that the United States has a chance to “dominate cyberspace and own the future.”
Crypto market movers
- Bitcoin has lost 0.3% in value over the past 24 hours and is trading at $85,820.
- Ethereum is up 2.3% over the same period to $2,180.
What we’re reading
- Conic Finance shuts down more than a year after $3m exploits ― DL News
- DEX volumes are booming! — Milk Road
- Trump Says He Is Ending Operation Choke Point 2.0 ― Unchained
- Kraken’s IPO plan back on track after SEC drops unregistered broker case ― DL News
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email at kbaird@dlnews.com.