Michael Saylor, the Executive Chairman of MicroStrategy, has laid out a plan to make the United States a leader in the digital economy through Bitcoin. This strategy comes as MicroStrategy expands its Board of Directors from six to nine members, adding well-known advocates for cryptocurrency.
On December 20, Saylor shared his vision. He wants to create a Strategic Bitcoin Reserve (SBR) to tackle economic challenges and boost the dollar's strength. He believes this could open up amazing growth opportunities in the digital asset space.
“A strategic digital asset policy can strengthen the US dollar, neutralize national debt, and position America as the global leader in the digital economy,” Saylor said on X. He sees this as a way to empower millions of businesses and create trillions in value.
His proposal suggests that a strong digital asset policy could unlock trillions in value. Saylor envisions a $10 trillion digital currency market that would increase demand for US Treasuries and support growth in digital assets. He believes this could raise the valuation of the digital economy from $1 trillion to an astonishing $590 trillion, with the U.S. leading the way.
“Establishing a Bitcoin reserve could create $16 to $81 trillion in wealth for the US Treasury and help offset national debt,” he added.
However, not everyone agrees. Critics like venture capitalist Nic Carter are skeptical. He argues that the SBR idea lacks clarity and might actually destabilize markets instead of strengthening the dollar. He points to Bitcoin’s recent price drop from over $108,000 to $92,000 as proof that it may not be a reliable reserve asset.
“I don’t support a Strategic Bitcoin Reserve, and neither should you,” Carter stated.
In a recent SEC filing, MicroStrategy announced new board members with expertise in cryptocurrency. The new additions include Brian Brooks, former CEO of Binance US; Jane Dietze, Chief Investment Officer at Brown University; and Gregg Winiarski, Chief Legal Officer at Fanatics Holdings.
These new board members bring a wealth of experience in finance, technology, and emerging markets. Brooks is especially known for his regulatory knowledge in the crypto space. He has held leadership roles at major firms like Coinbase and BitFury Group.
Dietze has served on the board of Galaxy Digital, a crypto asset management firm, while Winiarski has experience with a global digital sports platform.
MicroStrategy is the largest publicly traded corporate holder of Bitcoin. Currently, the company holds 439,000 Bitcoin, valued at over $43 billion, according to Bitcoin Treasuries data.