Michael Saylor Advocates for U.S. Bitcoin Reserve, Calls It "Greatest Deal of the 21st Century"

Michael Saylor believes the U.S. government should build a strategic reserve of bitcoin. He thinks that if Senator Cynthia Lummis's bill becomes law, it could be the "greatest deal of the 21st century." This idea of stockpiling isn’t new. Saylor points out that the government has done similar things in the past.

Right now, the idea of the U.S. creating a reserve of bitcoin (BTC) is just a proposal. But Saylor is optimistic that it will happen.

Back in July, former presidential candidate Donald Trump told a crowd at the Bitcoin 2024 conference that he would keep the government's current holdings of about 200,000 bitcoin. Shortly after, Senator Lummis introduced a bill to increase the country’s holdings to one million bitcoin over five years.

During a presentation at the Cantor Crypto, Digital Assets & AI Infrastructure Conference in Miami, Saylor called this initiative the most significant deal of the century. He stated, “The best way to protect the dollar is to retire the debt and become rich.” He added, “The next best way is to ensure that if anyone considers an alternative asset to treasury bills, you own it.” That asset, according to Saylor, is bitcoin.

Saylor highlighted that the U.S. has a history of purchasing strategic assets. He mentioned the acquisition of Manhattan, the Louisiana Purchase, and the purchases of California and Alaska in the 19th century. These deals resulted in huge returns for the country. He also noted other historical purchases of gold, oil, grain, and helium.

He emphasized, “It’s been done before. It’s a simple idea: figure out where the value is going to be, buy it cheap, and hold it. You’re a nation; this is what nations do. Bitcoin is manifest destiny for the United States. I think the Trump administration gets it, and I think Senator Lummis gets it. That’s why it will happen.”

If Senator Lummis’s bill passes as written, which seems more likely with Republicans expected to hold majorities in the Senate and House next year, Saylor estimates the U.S. could see a $16 trillion benefit from acquiring one million bitcoin.

Saylor also talked about a "Trump Max" scenario where the country buys four million bitcoin. He believes this could lead to a return of $81 trillion. He described the Trump Max approach as the “rational way.”