Michael Saylor, the Bitcoin enthusiast and founder of MicroStrategy (MSTR), is back with a bold idea that could change the U.S. economy. In a recent post, Saylor pitched a Digital Assets Framework that includes a strategic Bitcoin reserve he claims could generate up to $81 trillion for the U.S. Treasury. “A strategic digital asset policy can strengthen the U.S. dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy,” Saylor stated on December 21st in an X post.
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Framework Proposes Six Digital Asset Categories
Saylor’s proposal outlines a comprehensive framework that includes six categories of digital assets: Bitcoin as a digital commodity, digital securities, currencies, tokens, NFTs, and asset-backed tokens. The goal is clear: create a structure that streamlines compliance while ensuring that participants in the market cannot “lie, cheat, or steal.” He also suggests that this policy could reduce issuance costs significantly, lowering them from millions to thousands of dollars.
Crypto Framework Could Catapult the U.S. Dollar
The vision behind Saylor’s framework is to solidify the U.S. dollar’s position as the global reserve digital currency. By tapping into the rapidly growing digital capital markets, Saylor argues the U.S. could increase its wealth generation, potentially expanding these markets from $2 trillion to $280 trillion.
Yet, not everyone’s sold on the idea. Bitcoin critic Peter Schiff called the plan “complete bullshit,” arguing that it would weaken the dollar rather than strengthen it.
At the time of writing, Bitcoin is sitting at $94,949.79.
