US To Buy 1 Million Bitcoin For Reserves, Hints Michael Saylor

4 weeks ago

MicroStrategy laminitis and enforcement president Michael Saylor suggested that the United States mightiness acquisition 1 cardinal Bitcoin for its strategical reserves. His remarks came during an interrogation with FOX Business up of Friday’s White House Crypto Summit, to beryllium hosted by US President Donald Trump.

Saylor, whose institution is wide known for its important Bitcoin holdings, confirmed that MicroStrategy owns astir 500,000 of the integer tokens, accounting for “about 2.4% of the worldwide supply.” He is 1 of respective crypto-industry figures expected to articulation the statesmanlike roundtable that volition counsel the medication connected integer plus policy.

Will Trump Buy 1 Million Bitcoin?

When asked however the authorities would concern specified a ample crypto reserve, Saylor pointed to a deliberate, multi-year timeline, referencing a “six-month process” acceptable retired by the caller enforcement order. He added: “There are 12 members connected the statesmanlike moving committee. There’ll beryllium engagement from the industry. There’ll beryllium engagement from the Senate and from the location and I and it’s supra my wage people to determine however it is determined.”

According to Saylor, “the longest bill [by Senator Lummis] has laid retired the thought of acquiring Bitcoin strategically implicit 4 years, conscionable consistently time by time successful bid to scope a cardinal Bitcoin target.” Currently, the US authorities is believed to clasp 200,000 BTC—worth an estimated $17 cardinal astatine today’s prices.

Should it proceed with further large-scale purchasing, the effect connected the terms of Bitcoin could beryllium considerable. However, Saylor argued that the astir “responsible” attack would beryllium “to spell dilatory and dependable and deliberate with wide telegraphing and transparency” alternatively than making abrupt acquisitions that could roil the market.
Central to Saylor’s stance is the classification of Bitcoin arsenic “digital property,” an plus without a cardinal issuer.

“The existent cardinal astir Bitcoin is for radical to recognize that it’s a integer property. It’s a savings relationship that empowers each azygous American to prevention their wealthiness and sphere it implicit time,” Saylor explained. He emphasized that if the US authorities provides clarity astir this status, it could instill greater assurance successful citizens to see cryptocurrencies a morganatic savings vehicle.

In discussing whether payer wealth should beryllium utilized to acquisition Bitcoin, Saylor drew a favoritism betwixt antithetic integer assets. While Bitcoin (as a “digital commodity”) is, successful his view, well-suited for strategical reserves, helium besides acknowledged the value of integer currencies (stablecoins), tokenized securities (for superior efficiency), and token-based inferior projects. Nevertheless, helium singled retired Bitcoin arsenic the premier campaigner for a nationalist reserve, calling it “the 1 universally agreed-upon foundational plus successful the full crypto economy.”

🇺🇸 MICHAEL SAYLOR HINTS THE USA WILL BUY 1 MILLION #BITCOIN FOR ITS RESERVE 🤯

IT’S HAPPENING 🚀
pic.twitter.com/jr73piPfNY

— Vivek⚡️ (@Vivek4real_) March 5, 2025

Saylor besides addressed skeptics who question the rationale for a nationalist Bitcoin reserve compared to much accepted strategical reserves specified arsenic lipid oregon aesculapian supplies. He compared Bitcoin to property, invoking a humanities analogy: “We bought 75% of this federation with astir 40 cardinal dollars […] We bought Louisiana. We bought California. We bought Texas. We bought Alaska. It’s property. If you deliberation of Bitcoin arsenic spot successful cyberspace and you accidental wherever is each the wealth successful the satellite headed? Well, it’s headed from overseas countries […] It wants to spell from the carnal satellite to the integer world.”

For those acrophobic astir the cardinal ethos of Bitcoin arsenic a decentralized plus with nary authorities involvement, Saylor insisted that authoritative adoption request not contradict the cryptocurrency’s archetypal design. “Satoshi gave america a process, a protocol for prosperity. That’s what we telephone Bitcoin,” helium said. While aboriginal adopters whitethorn person favored minimal regulation, Saylor believes nation-states “interested successful economical empowerment and prosperity” volition inevitably travel individuals and corporations into the integer domain.

At property time, BTC traded astatine $91,725.