Michael Saylor has put forward an ambitious proposal for the US government to build up a substantial Bitcoin reserve that he believes could potentially generate a staggering $81 trillion in wealth by 2045.
The vocal Bitcoin advocate and co-founder of Strategy, formerly known as MicroStrategy, revealed his detailed blueprint at the White House Crypto Summit.
Michael Saylor’s Vision for Bitcoin Accumulation in US Government
Saylor's innovative plan, positioned as a strategy for economic supremacy, entails the nation acquiring anywhere from 5% to 25% of the Bitcoin network over the next ten years via steady, systematic daily purchases.
"I presented this idea at the White House Digital Assets Summit," confirmed Saylor.
Based on his faith in Bitcoin's long-term appreciation because of its fixed supply and expanding global acceptance, Saylor envisages that the US government should commence accumulating Bitcoin in 2025 and persist until 2035, by which time 99% of all Bitcoin will have been mined.
"Secure 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases from 2025 to 2035, when 99% of all BTC will have been issued," a segment from the blueprint stated.
By adhering to this plan, the US could potentially amass up to a quarter (25%) of the total supply, establishing a dominant stance in the global financial landscape. Saylor contends that such a bold move would bring about a transformative economic influence.
Saylor projects that the Strategic Bitcoin Reserve could yield anywhere between $16 trillion to $81 trillion in value for the US Treasury by 2045. Notably, this forecast hinges on the extent of adoption and the future price appreciation of Bitcoin.
The reserve would serve as a long-standing store of value for the nation, providing an alternative to conventional monetary assets and serving as a robust hedge against inflation.
Moreover, Saylor highlighted that this strategy would fortify America's financial future, bolster the dollar, diminish national debt, and solidify the nation's position as a global economic powerhouse.
Saylor Urges Against US Government Liquidating Bitcoin Holdings
A notable facet of Saylor's proposal is his stance that the US should never offload its Bitcoin holdings. Rather, he envisions the Strategic Bitcoin Reserve generating a minimum of $10 trillion annually by 2045 through appreciation and other financial mechanisms.
Saylor asserts that this would create a self-sustaining economic engine that could tackle national debt concerns. It would also position the US to support technological advancements, vital infrastructure, and social programs without resorting to increased taxation or excessive borrowing.
In addition to acquiring Bitcoin, Saylor's broader digital asset framework encompasses a comprehensive revamp of regulations tailored to position the US at the forefront of the digital currency movement.
He advocates for transparent, supportive regulations that foster innovation while upholding market integrity.
"Unfavorable and unjust tax policies on crypto miners, holders, and exchanges impede industry growth and should be eradicated, together with arbitrary, whimsical, and discriminatory regulations," Saylor emphasized.
According to Saylor, his plan categorizes digital assets into four distinct groups - digital tokens, digital securities, digital currencies, and digital commodities, each playing a unique role within the economy.
Significantly, if the US government were to heed Saylor's proposition for a 25% Bitcoin supply acquisition, it would possess 5.25 million BTC, surpassing the 1 million BTC (5% of the supply) suggested by Wyoming Senator Cynthia Lummis in the Bitcoin Act put forth in August 2024.