At the Cantor Crypto, Digital Assets & AI Infrastructure Conference in Miami, Michael Saylor, Executive Chairman of MicroStrategy, made a compelling case for why the U.S. government should accumulate bitcoin as part of a strategic reserve. Saylor believes that the idea, while not yet a formal plan, will eventually come to fruition, backed by strong political support, including from former President Donald Trump and Senator Cynthia Lummis (R-Wyo.).
Saylor pointed to Trump’s remarks at the Bitcoin 2024 conference, where he promised to maintain the U.S.’s existing bitcoin holdings of approximately 200,000 BTC. Shortly after, Senator Lummis introduced a bill that proposes adding another 800,000 BTC over five years, bringing the total to one million. Saylor referred to this potential move as “the greatest deal of the 21st century,” citing the long-term benefits of owning such a valuable digital asset.
During his speech, Saylor emphasized the importance of securing assets that would protect the value of the U.S. dollar, noting that the most effective way to do so is by paying down national debt and accumulating assets like bitcoin. He further argued, “The next best thing is ensuring that if anyone considers an alternative capital asset, the U.S. owns it—bitcoin being the primary one.”
Saylor also drew a historical parallel between this proposed bitcoin strategy and past U.S. acquisitions, such as the Louisiana Purchase and the purchases of California and Alaska in the 19th century, all of which had immense long-term economic benefits. “Nations don’t hesitate to figure out where future value will be and secure it in advance,” he said. “Bitcoin represents that same opportunity for the U.S.”
He went on to project that the potential purchase of one million bitcoins through Senator Lummis’ bill could generate a $16 trillion benefit for the U.S. economy. Saylor also introduced the concept of “Trump Max,” a scenario in which the country purchases four million bitcoins, predicting a massive $81 trillion return.
Saylor concluded that the “Trump Max” scenario represents the most rational and lucrative option for the U.S., positioning the country to reap significant rewards from its early adoption of bitcoin as a strategic reserve asset.
