Bitcoin Evangelist Michael Saylor on the Potential of a Crypto Reserve

Michael Saylor, a Bitcoin evangelist, describes how a Bitcoin reserve could benefit the American people.

Following President Donald Trump’s election victory, the crypto community has focused heavily on his promise to establish a strategic Bitcoin stockpile or reserve, though opinions vary on the definitions of these terms.

Over the weekend, Trump reiterated his plans, suggesting the reserve may also include other assets beyond Bitcoin.

Addressing the U.S. Debt Problem?

In an interview with CNBC Television on March 3, Saylor proposed that a Bitcoin reserve could help alleviate U.S. national debt. He suggested that if the U.S. acquired “10%-20% of the Bitcoin network,” it could significantly impact the country’s financial standing.

Saylor believes Bitcoin’s market cap will reach $200 trillion, predicting that it will increase from the current $2 trillion to $20 trillion, and continue growing at 20% per year.

He emphasized that Bitcoin isn’t competing with the dollar, but rather with global investments from regions like Asia, Russia, and Africa.

Saylor compared the U.S. investing in Bitcoin to historic purchases like Manhattan and Alaska, hinting that these investments were significant and beneficial trades for the nation.

Furthermore, Saylor suggested the entire digital asset ecosystem could be valued at $100 trillion for the U.S.

The idea of using Bitcoin to reduce the national debt has been mentioned before, with Trump even referencing it during his campaign. However, how such a strategy would function remains uncertain, especially with a current federal debt of $36.22 trillion. The upcoming White House crypto summit on March 7 may provide more insight into how these reserves can be purchased.