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Saylor Advocates for Bitcoin in U.S. Crypto Reserve, Calls XRP a Token

Alice by Alice
2025-03-06
in News
Cryptocurrency

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Michael Saylor, executive chairman of MicroStrategy, has emerged as a vocal advocate for Bitcoin’s inclusion as the centerpiece of the U.S. crypto reserve, ahead of the White House Crypto Summit. Speaking with Fox News, Saylor argued that Bitcoin is the only universally accepted digital asset without an issuer, making it the ideal candidate for the U.S. government’s crypto reserve initiative.

“Bitcoin is the one universally agreed-upon foundational asset in the entire crypto economy because it’s the asset without an issuer,” Saylor explained. “It’s neutral. 99% of the energy and the capital has flown into that one.” His comments underscore his belief that Bitcoin should be prioritized as a long-term strategic asset for the U.S.

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The upcoming White House Crypto Summit, hosted by President Donald Trump and chaired by crypto czar David Sacks, will bring together some of the most influential players in the industry. Key attendees include Coinbase CEO Brian Armstrong, Crypto.com CEO Kris Marszalek, and Robinhood CEO Vlad Tenev, along with executives from other major crypto firms.

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U.S. Crypto Reserve and the Debate on Inclusion

The White House’s plans to establish a U.S. crypto reserve have sparked considerable debate. While initial announcements suggested that assets like XRP, Solana, and Cardano might be included in the reserve, significant pushback from industry leaders resulted in a clarification that Bitcoin and Ethereum would be central to the reserve. However, Saylor remains firm in his position that Bitcoin should be the exclusive focus for the reserve.

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Saylor’s argument stems from Bitcoin’s unique position as a decentralized asset with no central issuer, distinguishing it from altcoins, which he views as tokens. He compared Bitcoin to traditional commodities that back a reserve, such as gold or oil, while suggesting that altcoins like XRP, Solana, and Cardano should fall under a different regulatory category.

“I think that digital XRP is attached to a company, Ripple. Those are tokens,” he said. “We should have a regulatory framework to allow them to be issued.” Despite this, Saylor emphasized that any reserve should be built around a commodity-like asset such as Bitcoin, which lacks an issuer.

The Role of Bitcoin in U.S. Global Financial Strategy

The debate over the U.S. crypto reserve touches on broader questions about Bitcoin’s role in global financial systems. Some critics have questioned why the U.S. would need a strategic Bitcoin reserve, comparing it to more traditional stockpiles like oil, military supplies, or medical equipment, which are essential during crises.

However, Saylor reframed the question by positioning Bitcoin as a digital-age commodity. He explained that as global capital increasingly shifts toward cyberspace, owning Bitcoin could give the U.S. a competitive advantage. “If you think of Bitcoin as property in cyberspace… the U.S. can own it and benefit from it,” he said, highlighting the opportunity for the U.S. to lead the charge in this emerging financial frontier.

Saylor’s perspective also ties into broader geopolitical dynamics, where countries like China and Russia are exploring their own digital asset strategies. Saylor argues that by securing Bitcoin early, the U.S. can solidify its position in the digital economy, ensuring that it remains at the forefront of global financial systems.

Regulatory Clarity and Strategic Purchases

When asked what advice he would give to President Trump at the summit, Saylor emphasized the importance of establishing a clear regulatory framework for digital assets before making any large purchases. He stressed the need for clarity in the regulatory landscape to ensure that any acquisition of Bitcoin is done in a manner that is deliberate, transparent, and strategically sound.

“I would say the number one thing is lay down clarity amongst digital assets,” Saylor noted. “And then, once you’ve laid out that framework, if you decide to buy cyberspace, buy it deliberately, progressively, transparently.”

Conclusion

As the White House moves forward with its plan for a U.S. crypto reserve, Michael Saylor’s advocacy for Bitcoin as the central asset is clear. His focus on Bitcoin’s neutrality and its status as a commodity without an issuer positions it as a strategic asset for the U.S. in the digital age. With a regulatory framework still in development, the debate over which digital assets should be included in the reserve remains ongoing, but Saylor’s message is clear: Bitcoin should be the foundation of any national crypto reserve.

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