Michael Saylor suggests that the US should create a bitcoin reserve to earn $81 trillion

What’s new? Michael Saylor, the founder and head of the board of directors of MicroStrategy, an analytics software company, has proposed that the US authorities implement a digital asset management system to reduce the national debt, strengthen the dollar, and position the country as a leader in the digital economy. Saylor’s proposed plan includes the creation of a strategic bitcoin reserve. According to the entrepreneur, it could bring up to $81 trillion to the treasury.

What else is known? The document is intended to help position the US dollar as a global digital reserve currency and expand global digital capital markets from $2 trillion to $280 trillion. In doing so, US investors will receive “the majority of this wealth,” the head of MicroStrategy emphasizes.

Saylor proposes to establish six categories of digital assets: digital commodities such as bitcoin, digital securities, digital currencies, digital tokens, non-fungible tokens (NFTs), and asset-backed tokens. The framework seeks to establish clear roles for issuers, exchanges, and holders, and to define specific rights and obligations for each type of participant.

Among other things, Saylor suggested optimizing compliance costs for industry members: a maximum of 1% of assets under management for token issuance and 0,1% per year for maintenance. He emphasized that the approach to regulating digital assets should prioritize efficiency and innovation over friction and bureaucracy.

“By establishing a clear taxonomy, a legitimate rights-based framework, and practical compliance obligations, the United States can lead the global digital economy,” Saylor notes.

MicroStrategy is the largest corporate holder of bitcoin and has a total portfolio return of 54%. Under Saylor’s leadership, MicroStrategy has bought more than 439 000 bitcoins since the end of 2020, now valued at more than $41 billion.

The rise in the value of bitcoin has also led to a surge in MSTR’s share price, with the stock up by 2390% since its first investment in the cryptocurrency. Last month, Saylor proposed to the Microsoft board of directors to also start buying bitcoin to hedge inflation, but the initiative was not approved.