Michael Saylor publishes Bitcoin and crypto framework for the US government
December 20, 2024
Home » Bitcoin » Michael Saylor publishes Bitcoin and crypto framework for the US government
The framework emphasizes transparency, decentralization, and financial innovation as key principles for integrating crypto into mainstream finance.
Photo: Forbes
Key Takeaways
- Michael Saylor released a framework for integrating digital assets into the US financial system.
- MicroStrategy expanded its Bitcoin holdings significantly, reinforcing its view of Bitcoin as a store of value.
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MicroStrategy founder Michael Saylor has released a comprehensive framework for integrating digital assets into the US financial system.
The framework advocates for regulatory clarity, governance standards, and interoperability to encourage institutional investment and broader adoption of crypto assets.
Saylor, sharing the framework on X, emphasized its significance, stating, “A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy.”
Among its key objectives, the framework proposes growing digital currency markets from $25 billion to $10 trillion, driving significant demand for US Treasuries.
It also outlines plans to expand global digital capital markets from $2 trillion to $280 trillion, ensuring that US investors capture the majority of this wealth.
Additionally, the framework advocates for driving digital asset markets beyond Bitcoin from $1 trillion to $590 trillion, solidifying the United States’ leadership in the sector.
A strategic Bitcoin reserve is also proposed, with the potential to generate $16–81 trillion in wealth, offering a pathway to offset the national debt and strengthen the US Treasury.
The publication comes amid market volatility, with Bitcoin dropping from $108,000 to $92,000 following Federal Reserve Chair Jerome Powell’s hawkish remarks before recovering to $97,000.
Since November 11, MicroStrategy has been buying Bitcoin on a weekly basis, marking its sixth consecutive week of Bitcoin purchases.
This activity aligns with the company’s active strategy of expanding its Bitcoin holdings, with a total of 186,780 BTC accumulated during this six-week period spanning November and December 2024.
MicroStrategy’s total holdings now stand at 439,000 BTC, valued at over $42.6 billion, reinforcing its stance on Bitcoin as a store of value and aligning with the framework’s vision for digital assets.
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