Bitcoin's Treasury Gamble: Saylor Backs Act Amid Volatility Backlash

Michael Saylor’s recent Bitcoin purchases and advocacy for the BITCOIN Act have reignited discussions about the U.S. government’s potential role in cryptocurrency markets. The BITCOIN Act, introduced by Senator Cynthia Lummis and Congressman Nick Begich in March 2025, proposes the U.S. Treasury acquire 1 million Bitcoin over five years using existing funds, aiming to hedge against inflation and reduce national debt if Bitcoin’s price continues to rise. Saylor, a prominent Bitcoin advocate and co-founder of MicroStrategy, has positioned himself as a key supporter of the initiative, leveraging his company’s massive Bitcoin holdings—638,985 BTC valued at $73 billion as of September 2025—to underscore the asset’s strategic value . While President Trump and Vice President JD Vance back the plan, it faces criticism from economists who argue Bitcoin’s volatility poses significant risks, with 30-day price fluctuations at 3.5% compared to 0.8% for gold .

The broader market context highlights Bitcoin’s growing influence. As of mid-September 2025, Bitcoin traded at $115,786, having reached an all-time high of $122,000 in July. Global adoption, as measured by the Chainalysis Global Crypto Adoption Index, increased by 15% year-over-year, with North America leading due to the 2024 launch of the Baby Bitcoin ETF. Meanwhile, countries like Russia and Japan are exploring Bitcoin as a reserve asset, with Russia already holding 50,000 BTC under sanctions and Japan considering a purchase of 100,000 BTC . Saylor’s aggressive Bitcoin strategy, including recent purchases of 525 BTC at $114,562 each, has further solidified his reputation as a “digital Manhattan real estate” investor .

Despite the BITCOIN Act’s ambitions, its implementation faces hurdles. Critics, including a University of Chicago survey showing 0% economist support for government Bitcoin purchases, argue the plan lacks legal clarity and exposes taxpayers to market risks. The U.S. Treasury’s ability to execute such a purchase without congressional approval remains uncertain, delaying the act’s legislative progress . Additionally, Bitcoin’s price volatility—exemplified by a 70% swing in 2024—raises concerns about potential losses should the market correct.

Amid these developments, Saylor’s rumored foray into meme coin presales has sparked speculation about a new investment frontier. Unconfirmed reports suggest that MicroStrategy is liquidating stock holdings to fund Bitcoin purchases and a presale of BullZilla ($BZIL), an anonymous meme coin project. BullZilla’s presale, currently in Stage 3B, has raised over $460,000 with 1,600 holders and 26 billion tokens sold. The project employs a “Mutation Mechanism,” where token prices increase every 48 hours or upon reaching $100,000 funding milestones, creating scarcity and incentivizing early participation. Staking rewards of up to 70% APY through the “HODL Furnace” further differentiate it from traditional meme coins . Analysts note that BullZilla’s structured approach—combining viral branding with deflationary mechanics—positions it as a potential outlier in the presale space .

The interplay between Bitcoin’s institutional adoption and meme coin speculation reflects divergent investor strategies. While Saylor’s Bitcoin accumulation underscores a long-term store-of-value narrative, projects like BullZilla appeal to retail investors seeking asymmetric upside. The latter’s presale model, which rewards early buyers with projected 7,918% ROI from current prices to listing, contrasts with Bitcoin’s more stable but slower growth trajectory. This duality mirrors broader market trends: institutions prioritize Bitcoin’s scarcity and utility, while retail investors chase high-risk, high-reward opportunities in presales .

As the crypto market navigates regulatory and macroeconomic challenges, Saylor’s actions highlight the evolving landscape. The BITCOIN Act, if enacted, could reshape U.S. monetary policy, while presales like BullZilla demonstrate the sector’s capacity for innovation beyond speculative hype. For now, the crypto community remains divided—between those advocating for Bitcoin’s institutionalization and those betting on the next viral meme coin.