MicroStrategy founder and executive chairman Michael Saylor suggested that the United States might purchase one million Bitcoin for its strategic reserves. His remarks came during an interview with FOX Business ahead of Friday\u2019s White House Crypto Summit, to be hosted by US President Donald Trump.<\/p>\n
Saylor, whose company is widely known for its significant Bitcoin holdings, confirmed that MicroStrategy owns approximately 500,000<\/a> of the digital tokens, accounting for \u201cabout 2.4% of the worldwide supply.\u201d He is one of several crypto-industry figures expected to join the presidential roundtable that will advise the administration on digital asset policy.<\/p>\n When asked how the government would finance such a large crypto reserve, Saylor pointed to a deliberate, multi-year timeline, referencing a \u201csix-month process\u201d set out by the recent executive order. He added: \u201cThere are 12 members on the presidential working committee. There\u2019ll be involvement from the industry. There\u2019ll be involvement from the Senate and from the house and I and it\u2019s above my pay grade to decide how it is determined.\u201d<\/p>\n According to Saylor, \u201cthe longest bill [by Senator Lummis]<\/a> has laid out the idea of acquiring Bitcoin strategically over four years, just consistently day by day in order to reach a million Bitcoin target.\u201d Currently, the US government is believed to hold 200,000 BTC\u2014worth an estimated $17 billion at today\u2019s prices.<\/p>\n Should it proceed with additional large-scale purchasing, the effect on the price of Bitcoin could be considerable. However, Saylor argued that the most \u201cresponsible\u201d approach would be \u201cto go slow and steady and deliberate with clear telegraphing and transparency\u201d rather than making abrupt acquisitions that could roil the market. \u201cThe real key about Bitcoin is for people to understand that it\u2019s a digital property. It\u2019s a savings account that empowers every single American to save their wealth and preserve it over time,\u201d Saylor explained. He emphasized that if the US government provides clarity around this status, it could instill greater confidence in citizens to consider cryptocurrencies a legitimate savings vehicle.<\/p>\n In discussing whether taxpayer money should be used to purchase Bitcoin, Saylor drew a distinction between different digital assets. While Bitcoin (as a \u201cdigital commodity\u201d) is, in his view, well-suited for strategic reserves, he also acknowledged the importance of digital currencies (stablecoins), tokenized securities (for capital efficiency), and token-based utility projects. Nevertheless, he singled out Bitcoin as the prime candidate for a national reserve, calling it \u201cthe one universally agreed-upon foundational asset in the entire crypto economy.\u201d<\/p>\n MICHAEL SAYLOR HINTS THE USA WILL BUY 1 MILLION #BITCOIN<\/a> FOR ITS RESERVE <\/p>\n IT\u2019S HAPPENING \u2014 Vivek (@Vivek4real_) March 5, 2025<\/a><\/p>\n Saylor also addressed skeptics who question the rationale for a national Bitcoin reserve compared to more traditional strategic reserves such as oil or medical supplies. He compared Bitcoin to property, invoking a historical analogy: \u201cWe bought 75% of this nation with about 40 million dollars [\u2026] We bought Louisiana. We bought California. We bought Texas. We bought Alaska. It\u2019s property. If you think of Bitcoin as property in cyberspace and you say where is all the money in the world headed? Well, it\u2019s headed from foreign countries [\u2026] It wants to go from the physical world to the digital world.\u201d<\/p>\n For those concerned about the fundamental ethos of Bitcoin as a decentralized asset with no government involvement, Saylor insisted that official adoption need not contradict the cryptocurrency\u2019s original design. \u201cSatoshi gave us a process, a protocol for prosperity. That\u2019s what we call Bitcoin,\u201d he said. While early adopters may have favored minimal regulation, Saylor believes nation-states<\/a> \u201cinterested in economic empowerment and prosperity\u201d will inevitably follow individuals and corporations into the digital domain.<\/p>\n At press time, BTC traded at $91,725.<\/p>","protected":false},"excerpt":{"rendered":" MicroStrategy founder and executive chairman Michael Saylor suggested that the United States might purchase one million Bitcoin for its strategic reserves. His remarks came during an interview with FOX Business ahead of Friday\u2019s White House Crypto Summit, to be hosted by US President Donald Trump. Saylor, whose company is widely known for its significant Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":50047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50046"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50046"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50047"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Will Trump Buy 1 Million Bitcoin?<\/h2>\n
\nCentral to Saylor\u2019s stance is the classification of Bitcoin as \u201cdigital property,\u201d an asset without a central issuer.<\/p>\n
\npic.twitter.com\/jr73piPfNY<\/a><\/p>\n