Michael Saylor Advocates for U.S. Strategic Bitcoin Reserve, Citing Potential $81 Trillion Windfall

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 assets isn't new; the government has done it before.

Right now, the thought of the U.S. holding a bitcoin reserve is just that—a thought. But Saylor is confident it will happen.

In July, Donald Trump, while speaking at the Bitcoin 2024 conference, promised the crowd he would keep the government's current holdings of about 200,000 bitcoin. Shortly after, Senator Lummis took it a step further. She introduced a bill to increase the country’s holdings to one million bitcoin over five years.

During a presentation in Miami, Saylor called this plan potentially the greatest deal of the century. He stated, “The best way to protect the dollar is to retire the debt and become rich. The next best way is to own valuable assets if anyone considers alternatives to treasury bills.” He identifies bitcoin as that valuable asset.

Saylor pointed out that the U.S. has a history of buying strategic assets. He mentioned the acquisition of Manhattan, the Louisiana Purchase, and the purchases of California and Alaska in the 19th century. Each of these deals resulted in huge returns for the nation. He also highlighted past purchases like gold, oil, grain, and helium.

He said, “It’s been done before. It’s simple: find where the value is going, buy it cheap, and hold it. This is what nations do. Bitcoin is manifest destiny for the United States. I believe the Trump administration gets it, and Senator Lummis understands it too. That’s why it will happen.”

If Senator Lummis's bill passes as planned, which seems more likely with Republicans gaining control of the Senate and House next year, Saylor predicts that the U.S. could see a $16 trillion benefit from buying one million bitcoin.

He even described a "Trump Max" scenario where the country could buy four million bitcoin. He believes this could lead to a return of $81 trillion. Saylor concludes that the Trump Max approach is the “rational way” to go.