Michael Saylor, Executive Chairman of MicroStrategy, expressed confidence that the United States will soon move forward with a proposal to build a strategic reserve of bitcoin (BTC), citing support from both the Trump administration and key political figures like Senator Cynthia Lummis (R-Wyo.).
Saylor shared his thoughts during a presentation at the Cantor Crypto, Digital Assets & AI Infrastructure Conference in Miami on Thursday, emphasizing the potential of bitcoin to protect the value of the U.S. dollar. He explained that while the idea is still in the early stages, it is likely to gain traction.
In July, then-presidential candidate Donald Trump assured crypto enthusiasts at the Bitcoin 2024 conference that the U.S. government would maintain its existing bitcoin holdings, which amount to around 200,000 BTC. Following that, Senator Lummis introduced a bill proposing to increase the U.S. holdings to one million bitcoins over five years, a move that Saylor sees as a significant opportunity for the nation.
“The best way to protect the dollar is to retire the debt and become rich,” Saylor remarked. “The next best way is to ensure that if anyone considers an alternative to treasury bills, you own that asset.” According to Saylor, bitcoin is that asset.
Saylor drew parallels between the proposed bitcoin reserve and past strategic U.S. acquisitions, such as the purchase of Manhattan, the Louisiana Purchase, and the acquisitions of California and Alaska. These historic purchases yielded multi-trillion-dollar returns, Saylor noted, as did past investments in gold, oil, and other key resources.
“It’s a simple idea: identify where the value is going, buy it at a low price, and hold it,” Saylor said. “That’s what nations do. Bitcoin is the next step for the United States. I believe the Trump administration gets it, and Senator Lummis understands it, which is why this will happen.”
Saylor also predicted that if Lummis’ bill is enacted, the U.S. could see a $16 trillion gain from the acquisition of one million bitcoins. Taking the proposal even further, Saylor outlined a “Trump Max” scenario, in which the U.S. purchases four million bitcoins. In that case, the potential return could reach $81 trillion.
Saylor concluded that the “Trump Max” strategy represents the most rational path forward, positioning bitcoin as a cornerstone of U.S. economic strategy.
