At the inaugural White House Digital Assets Summit, Strategy co-founder Michael Saylor presented a comprehensive cryptocurrency strategy. He believes that if the US establishes a clear regulatory framework, eliminates barriers to innovation, and strategically accumulates Bitcoin, it could unlock up to $100 trillion in economic value over the next decade. This proposal aligns with the new US administration's more crypto-friendly stance, attracting high attention from industry leaders.
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ToggleFour Types of Digital Assets: Establishing a Clear Regulatory Framework
Saylor proposed a digital asset classification system at the conference, dividing cryptocurrencies into four main categories to promote market efficiency and reduce regulatory uncertainty:
- Digital Tokens - Used for capital creation and technological innovation, such as emerging blockchain projects.
- Digital Securities - Enhance market efficiency, allowing companies to raise funds more quickly and transparently through blockchain technology.
- Digital Currencies - Support commercial transactions and strengthen the dominance of the US dollar globally.
- Digital Commodities - Such as Bitcoin, viewed as a store of wealth and a long-term economic security asset.
He believes this classification system will help seamlessly integrate digital assets with the traditional financial system, while also reducing regulatory risks and providing clearer market guidance for US businesses and investors.
Break Free from Restrictions, Drive the US into the Crypto Era
Saylor's proposal also emphasizes the need to remove unnecessary restrictions on cryptocurrencies, allowing US companies to enter the capital markets more quickly. He believes this will ensure the US dollar's core position in global trade while making the US a leader in digital finance.
Furthermore, he strongly opposes targeted tax policies on the cryptocurrency industry and calls on the government to encourage banks to provide Bitcoin custody, trading, and financial services, rather than pressuring the industry and blocking related banking activities. He stated: "The government should support large banks to custody, trade, and finance Bitcoin assets, and should not tolerate the debanking of the crypto industry."
How Much Bitcoin Should the US Hold? Saylor Proposes a National-Level BTC Reserve
One of Saylor's core strategies is to establish a US national-level Bitcoin reserve, using a stable, programmable purchasing plan to accumulate 5% to 25% of the global Bitcoin supply by 2035.
This strategy is not just talk, as Saylor's own company, Strategy, added Bitcoin to its treasury reserves in 2020 and has now purchased 499,096 BTC, making it one of the largest corporate Bitcoin holders globally.
He further predicts that by 2045, the value of this national-level Bitcoin reserve could range from $16 trillion to $81 trillion, not only generating substantial fiscal revenue for the US government but also providing a long-term solution to reduce the national debt.
White House Digital Assets Summit: Crypto Industry Leaders Gather, Releasing Friendly Regulatory Signals
This historic White House crypto summit was held on Friday, symbolizing a more open and friendly regulatory stance compared to the Biden administration. The meeting invited top executives from leading companies such as Coinbase, Ripple, Strategy, Kraken, Gemini, Chainlink, and Robinhood to discuss the future development of digital assets in the US.
In addition to regulatory policies, Saylor also emphasized the importance of market transparency and accountability systems to prevent fraud and conflicts of interest. He stated: "On the basis of fair disclosure and accountability, the US can truly unleash the potential of the digital asset industry and become a global leader."
Will Bitcoin Become the Core of the US Economic Strategy?
Michael Saylor's proposal provides a clear path for the US government to develop cryptocurrencies, covering regulation, financial market integration, corporate innovation, and a national-level Bitcoin reserve. As the US regulatory environment evolves, the role of Bitcoin and digital assets may shift from the periphery to the core, potentially becoming a crucial pillar of the US economic strategy.
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