This morning, Michael Saylor, the founder of the Bit holding giant Strategy, was invited to attend the first White House Digital Asset Summit. He posted on the X platform that he shared the "Digital Asset Strategy" at the summit and proposed a digital asset classification framework, while also making suggestions on the Strategic Bit Reserve (SBR).
Acquire 5-25% of the total Bit before 2035
Saylor said that the Strategic Bit Reserve is a race to win the dominance of the network space and own the future. He suggested that the U.S. government, through continuous and programmatic purchases in a trust manner, acquire 5-25% of the total Bit supply between 2025 and 2035, by which time 99% of the Bit will have been issued.
Saylor further pointed out that the Strategic Bit Reserve has the potential to create $16 to $81 trillion in wealth for the U.S. Treasury by 2045, providing a viable solution to offset the national debt.
In addition, he emphasized that you should never sell your Bit! He believes that by 2045, the Strategic Bit Reserve should be able to generate over $10 trillion in annual revenue and continue to grow, becoming a sustainable source of prosperity for generations of Americans.
The U.S. restricts increasing Bit reserves with a 'budget-neutral' strategy
However, in the "Strategic Bit Reserve" executive order signed by Trump, it is stipulated that the government will use about 200,000 Bit seized through law enforcement actions as the strategic reserve, and there is no mention of using additional funds to buy Bit.
Furthermore, although the Treasury and Commerce Departments are authorized to purchase additional Bit, the restriction is that it must be done in a budget-neutral manner, without increasing costs to U.S. taxpayers. Currently, the details of this strategy have not been revealed. In contrast, Saylor stated on the X platform yesterday (7th) that he has several budget-neutral strategies that can help the U.S. increase its Bit holdings, but he did not specify the details of the strategies.
Therefore, the feasibility of Saylor's suggestion for the U.S. to acquire up to 25% of the total Bit supply by 2035 remains to be observed.
Further Reading: Michael Saylor: Can provide a 'zero-cost' strategy to increase Bit reserves; Grok also gives suggestions
Four new digital asset categories and opportunities
On the other hand, Saylor proposed four new categories of digital assets, stating that this framework can be seamlessly integrated with the traditional financial system, while also presenting corresponding opportunities:
- Digital Tokens: Issued by the issuer, supported by digital utility, used for capital creation and innovation.
Opportunity: Add $10 trillion to the capital of U.S. companies, enhancing the global competitiveness of products and services.
- Digital Securities: Issued by the issuer, based on securities or commodities, used for capital efficiency and globalization.
Opportunity: Expand the U.S. securities market by $20 trillion, strengthening the U.S. global leadership in the stock, bond, and derivatives markets.
- Digital Currencies: Issued by the issuer, supported by fiat currency, used for digital commerce and dollar hegemony.
Opportunity: Expand the U.S. government bond market by $10 trillion, consolidating the dollar's dominance in the global banking, credit, and currency markets.
- Digital Commodities: No issuer, supported by digital power, used for capital preservation and appreciation.
Opportunity: Add $20 trillion in long-term capital assets to the U.S., driving wealth appreciation for U.S. households and businesses.