{"id":19798,"date":"2024-12-23T11:00:32","date_gmt":"2024-12-23T09:00:32","guid":{"rendered":"https:\/\/forklog.com\/en\/michael-saylor-proposes-bitcoin-strategy-for-the-us\/"},"modified":"2024-12-23T11:00:32","modified_gmt":"2024-12-23T09:00:32","slug":"michael-saylor-proposes-bitcoin-strategy-for-the-us","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/michael-saylor-proposes-bitcoin-strategy-for-the-us\/","title":{"rendered":"Michael Saylor Proposes Bitcoin Strategy for the US"},"content":{"rendered":"<p>Michael Saylor, the founder of MicroStrategy, has proposed a digital asset policy for the United States. His plan includes the creation of a bitcoin reserve that could yield up to $81 trillion for the country.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy\u2014empowering millions of businesses, driving growth, and creating trillions in value. <a href=\"https:\/\/t.co\/7n7jQqPkf1\">https:\/\/t.co\/7n7jQqPkf1<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1870183095611093220?ref_src=twsrc%5Etfw\">December 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cA strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy, empowering millions of businesses, driving growth, and creating trillions in value,\u201d Saylor stated.<\/p>\n<\/blockquote>\n<p>The entrepreneur proposed categorizing digital assets into six types: commodities like bitcoin, securities, currencies, tokens, NFTs, and tokenized RWAs.<\/p>\n<p>Saylor outlined the goal of the framework as establishing clear roles for issuers, exchanges, and users. He emphasized the primary rule for market participants: \u201cdo not lie, cheat, or steal,\u201d and defined their specific rights and responsibilities.<\/p>\n<p>According to Saylor, the issuance of digital assets should be as straightforward as possible. The costs of issuing tokens should not exceed 1% of <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span>, with maintenance costs capped at 0.1%.<\/p>\n<p>Reducing expenses and democratizing access could expand the US capital market from 4,000 public companies to 40 million businesses, Saylor believes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDigital asset regulation should prioritize efficiency and innovation, not market slowdown and bureaucracy,\u201d he stressed.<\/p>\n<\/blockquote>\n<p>He argues that implementing this strategy would help the US seize leadership in the digital asset sector, which is projected to grow to $280 trillion globally.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAmerican investors will gain the majority of this wealth,\u201d Saylor noted.<\/p>\n<\/blockquote>\n<p>A national bitcoin reserve, if established, could reach a value of $81 trillion, which, combined with \u201cenormous demand\u201d for US government bonds, could address the national debt issue.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This is complete bullshit. The proposal would do the opposite. It would weaken the dollar, exacerbate the national debt, and making America a laughing stock. It would deprive business of power, diminish growth, and destroy value.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1870196284369379502?ref_src=twsrc%5Etfw\">December 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is complete nonsense. The proposal would have the opposite effect. It would weaken the dollar, exacerbate the national debt, and make America a laughing stock. It would weaken business, reduce growth, and destroy value,\u201d wrote noted bitcoin critic and Euro Pacific Capital President Peter Schiff in response.<\/p>\n<\/blockquote>\n<p>In December, MicroStrategy increased its bitcoin reserves to 439,000 BTC as the asset reached new record highs.<\/p>\n<p>Saylor believes the US government should also purchase bitcoins to build a reserve, regardless of the rising price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor, the founder of MicroStrategy, has proposed a digital asset policy for the United States. His plan includes the creation of a bitcoin reserve that could yield up to $81 trillion for the country. A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1208,1138,26],"class_list":["post-19798","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-michael-saylor","tag-opinions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19798"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19798\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}