Zinger Key Points
- Strategy's Michael Saylor strongly supports Trump's proposed strategic crypto reserve.
- Saylor dismisses volatility concerns, comparing potential Bitcoin acquisitions to historical territorial purchases.
- Get 5 stock picks identified before their biggest breakouts, identified by the same system that spotted Insmed, Sprouts, and Uber before their 20%+ gains.
Strategy MSTR Executive Chairman Michael Saylor, whose company recently reported a $2.6 billion Bitcoin BTC/USD gain this year, expressed strong support for President Trump’s proposed strategic crypto reserve in a CNBC exclusive interview, framing it as potentially “the greatest economic program of the 21st century.”
Saylor, who has met with numerous government officials including “senators on the Democratic and Republican side, a few members of cabinet, a few members of the administration,” wasn’t surprised by Trump’s inclusion of smaller cryptocurrencies alongside Bitcoin in the proposed reserve.
“There’s no way to interpret this other than this is bullish for Bitcoin and is bullish for the entire U.S. crypto industry,” he stated on Monday on CNBC.
The tech executive outlined his vision of a comprehensive digital asset framework involving four distinct categories:
- Digital commodities like Bitcoin
- Digital currencies like stablecoins
- Digital securities for tokenizing Wall Street
- Digital tokens backed by utility
He emphasized that Bitcoin specifically “is not competing with the dollar” but rather with “international real estate, global equities, expensive money managers on Wall Street, and any long range investment.”
When questioned about potential volatility risks for government holdings, Saylor countered that “nobody’s ever lost money in the Bitcoin network holding four years.”
He compared potential Bitcoin acquisitions to historical territorial purchases: “We bought Manhattan for 60 guilders. It was a good trade. We bought Alaska for 6 million bucks. It was a good trade.”
What’s Next: Saylor projected massive growth for Bitcoin, stating it would expand from “$2 trillion” to “$20 trillion” and eventually “$200 trillion,” growing at “20% a year.”
He argued that if the United States “takes a position in the emerging crypto economy” by acquiring “10, 20% of the Bitcoin network, we’re going to pay off the national debt.”
While acknowledging that specific funding decisions are “above my pay grade,” Saylor expressed confidence that the administration’s working group would develop appropriate implementation plans by the July 22 deadline for the digital assets framework recommendations.
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