Trump promised after taking office to establish a national Bit reserve, but Federal Reserve Chairman Powell said earlier this week that the Federal Reserve has no intention of participating in any government's plan to hold large amounts of Bit. However, MicroStrategy co-founder and CEO Michael Saylor yesterday proposed a digital asset framework, advocating the establishment of a Bit reserve, which could create $16 trillion to $81 trillion in wealth for the U.S. Treasury Department, thereby offsetting the national debt.
Trump's Bit reserve is serious
And in a recent interview with CNBC, Michael Saylor said he believes Trump is serious about establishing a national Bit reserve, and that if you know where the money is going, you should "buy the future":
All the money from outside the U.S. and all the old 20th century capital will flow into digital assets and the Bit network, and the most logical thing for the U.S. to do is to buy Bit now and control the future.
Michael Saylor suggested that the government could buy 20% to 25% of the circulating Bit by selling its gold reserves or borrowing "a small amount" of funds, emphasizing that Bit will grow 100-fold, and advised investors to buy it as soon as possible. He also urged the incoming Trump administration to take the lead in establishing a digital asset framework, clearly defining the roles of different entities and determining the responsibilities of participants.
Will he provide advice to Trump?
It is worth noting that Reuters reported last month that Trump plans to set up a cryptocurrency advisory council to provide advice on digital asset policy, work with Congress to draft cryptocurrency-related legislation, and assist in establishing a Bit reserve, with several cryptocurrency companies, including Ripple, Kraken and Circle, vying for seats on the cryptocurrency advisory council.
And Michael Saylor may also have the opportunity to become a member of the cryptocurrency advisory council. In an interview with Bloomberg on the 19th, he clearly stated that he is willing to serve as a cryptocurrency affairs advisor in the Trump administration.
When asked if he has had any contact with Trump or members of the Trump administration, Michael Saylor said ambiguously:
I have met with many people in the incoming government, but I can't say anything more than that.
But when asked if he would be willing to participate in the cryptocurrency advisory council, Michael Saylor responded clearly that if Trump asked him to do so, he would be willing to provide advice on digital asset policy publicly or privately:
I would always be willing to provide advice on constructive digital asset policy, whether in private or public. If I was invited to participate in some kind of digital asset advisory council, I might say yes.
