Michael Saylor: "Strategic Bitcoin Reserves Will Create Trillions in Value"

Michael Saylor, co-founder of MicroStrategy, has expressed support for President-elect Donald Trump's strategic Bitcoin (BTC) reserve policy.

On the 20th (local time), Michael Saylor, co-founder, stated in a digital asset policy proposal that "the United States must become a leader in the digital economy," and that the strategic Bitcoin reserve policy is the solution. He further stated, "This policy will strengthen the US dollar and create trillions of dollars in value for millions of companies," adding that "the wealth of the growing virtual asset industry should be captured by American investors."

He explained that "the US government should reserve enough Bitcoin to generate $16 trillion to $81 trillion in revenue," and that "approximately $36 trillion in US debt could also be resolved." Additionally, he emphasized, "The dollar should be made the global reserve digital currency," and "the stablecoin market size should be expanded from $25 billion to $10 trillion to create demand for US bonds."

Meanwhile, Bitcoin critic and economist Peter Schiff commented on Saylor's claims, saying, "This is complete nonsense," and that "the policy will weaken the dollar and increase national debt."