"Saylor: Bitcoin Only Neutral Asset for U.S. Crypto Reserve"
1min read Michael Saylor, CEO of microstrategy, has recently made headlines by asserting that Bitcoin is the only neutral asset suitable for a U.S. crypto reserve. In a series of interviews and statements, Saylor has emphasized the unique qualities of Bitcoin that make it an ideal choice for a strategic reserve asset.
Saylor, whose company holds a significant portion of the total Bitcoin supply, believes that Bitcoin's decentralized nature and lack of an issuer make it the foundational asset of the crypto economy. He argues that its neutrality and widespread acceptance qualify it as a suitable reserve asset for the U.S. government. Saylor also sees Bitcoin as a secure savings vehicle for individuals, companies, and governments, describing it as "property in cyberspace" that allows for long-term wealth preservation.
In addition to its role as a savings vehicle, Saylor suggests that Bitcoin represents a new kind of digital property, or "digital land," that the U.S. must secure before foreign competitors. He warns that failing to act now could allow other nations to dominate the digital financial space. Saylor's comments come as China is reportedly working on a strategic Bitcoin reserve, although details have not been published.
Addressing concerns that government adoption contradicts Bitcoin's original vision as an independent, non-governmental asset, Saylor states that Bitcoin's protocol was designed for universal adoption. He believes that any country seeking economic stability and financial sovereignty will eventually turn to Bitcoin as a strategic asset.
When asked about the inclusion of other crypto assets in a U.S. crypto reserve, Saylor acknowledges the role of stablecoins and tokenized securities in financial markets but insists that Bitcoin alone qualifies as a reserve asset. He believes other digital assets serve different functions within the digital economy, such as capital creation for small and midsize companies.
Regarding Ripple's XRP, Saylor describes it as a digital token, an asset with issuers that provide digital utility. He finds these tokens interesting and compelling but maintains that Bitcoin's unique qualities make it the most suitable asset for a U.S. crypto reserve.
Saylor indicates that the decision to include other crypto assets in a sovereign wealth fund would likely be determined by an executive order. He believes that the emerging consensus in the industry is that Bitcoin should be the primary element in a strategic reserve for the long term.
If given the opportunity to advise policymakers, Saylor would recommend establishing 