Michael Saylor says Bitcoin is the only neutral asset for US crypto reserve, calls XRP a digital token
Strategy’s executive chairman advocates for a methodical and transparent approach to developing an American Bitcoin reserve strategy.
Photo: Eva Marie Uzcategui
Key Takeaways
- Michael Saylor suggests Bitcoin should be the primary asset in a potential US strategic reserve.
- The US government holds approximately 200,000 Bitcoin worth about $17 billion.
Michael Saylor said that Bitcoin is the foundational asset of the crypto economy, and that its decentralized nature uniquely qualifies it as a US reserve asset.
“Bitcoin is the one universally agreed upon foundational asset in the entire crypto economy because it’s the asset without an issuer. It’s neutral,” said Saylor, speaking on Fox Business Network’s “The Claman Countdown” on Wednesday. “99% of the energy and the capital has flown into that one.”
According to Saylor, whose company owns nearly 2.4% of the total Bitcoin supply, Bitcoin serves as a secure savings vehicle for individuals, companies, and governments. He described it as “property in cyberspace,” an asset class without an issuer that allows for long-term wealth preservation.
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