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Michael Saylor, co-founder of MicroStrategy, presented a plan at the White House Crypto Summit for strategic U.S. government purchases of Bitcoin as a national asset to be at the forefront of the world digital economy. The strategy includes the U.S. buying 5% to 25% of the total supply of Bitcoin between 2025 and 2035 through systematic purchases.
Saylor puts the estimate of this Bitcoin reserve at $16 trillion to $81 trillion by 2045, which could reduce national debt and make America a digital economy powerhouse. He also stresses having a clear regulatory framework, categorizing digital assets to reduce uncertainty, and suggesting a "never sell" strategy for the government's Bitcoin holdings, viewing it as a long-term wealth generator.
The White House Crypto Summit signaled a shift in the U.S. government's approach to cryptocurrencies, with an executive order to establish a Strategic Bitcoin Reserve out of seized funds. Implementation of Saylor's plan could have a significant impact on global financial markets and the reserve currency status of the U.S. dollar, although concerns remain regarding regulatory certainty, market volatility, and possible conflicts of interest.
