Michael Saylor urges US government to buy 25% of Bitcoin supply

This will make the country a dominant force in the digital asset economy. The proposal was presented at the White House Crypto Summit. Meanwhile, Utah's attempt to become the first U.S. state to have Bitcoin reserves has been unsuccessful, although many states continue to push for similar bills. The U.S. still has plenty of opportunities to hoard Bitcoin as only 4% of the global population owns BTC, and the U.S. leads in ownership. However, challenges such as volatility and misconceptions are still some of the many hurdles that need to be overcome to achieve global Bitcoin adoption. Saylor's Bitcoin Strategy Could Reshape U.S. Economic Policy Michael Saylor, the founder of Strategy, has made an ambitious proposal for the U.S. government to buy up to 25% of the total Bitcoin supply over the next decade. In a document titled "Digital Asset Strategy to Dominate the 21st Century Global Economy," Saylor outlined a plan for the government to accumulate between 5% and 25% of the Bitcoin network through a programmatic daily purchase strategy that runs from 2025 to 2035. By the end of this period, 99% of all Bitcoins will be issued, which will position the United States as a dominant force in the digital asset economy. Saylor presented the proposal to U.S. President Donald Trump, government executives, and key global crypto leaders during the Crypto Summit at the White House on March 7. At the heart of his argument is the recommendation that the government should adopt a strict "Never Sell Your Bitcoin" policy. He also predicted that by 2045, the Strategic Bitcoin Reserve could generate more than $10 trillion annually. He argues that this reserve could become a permanent economic engine for the nation, with potential revenues ranging from $16 trillion to $81 trillion flowing into the U.S. Treasury in the coming decades. This can go a long way in alleviating the country's huge national debt burden. Earlier that day, Trump signed an executive order to establish the "Strategic Bitcoin Reserve Fund" and the "Digital Asset Reserve." The initiative will initially be funded in Bitcoin and other digital assets confiscated in criminal cases. While the decree does not specify an immediate purchase strategy, it directs finance and trade ministers to develop "budget-neutral strategies" to accumulate more Bitcoin. Saylor's vision of allocating a 25% Bitcoin supply is much higher than previous proposals, including the 2024 Bitcoin Act introduced by Wyoming Senator Cynthia Lummis. Her bill proposes the government to buy 1 million BTC, or about 5% of the total supply. If the United States follows Saylor's maximum recommendation, they will hold 5.25 million BTC, which is a level of dominance in the Bitcoin market that no other entity can match. Utah Passes Bitcoin Bill Without Important Provisions Utah's Bitcoin bill was recently successfully passed by the state Senate but lacks the most ambitious provision—one that would make Utah the first U.S. state to establish its own Bitcoin reserve fund. Bill HB230 "Blockchain and Digital Innovation Amendments" is currently being sent to Governor Spencer Cox for approval and focuses on basic digital asset protections for Utah residents, securing Bitcoin custody, participating in mining, Run the buttons and participate in the bets. Initially, the bill included a provision that would allow state treasurers to invest up to 5% of digital assets with market capitalizations exceeding $500 billion in the past year in the state's fiscal year. Given Bitcoin's dominance, it is the only asset that qualifies under these criteria However, while this provision was passed on a second reading, it was ultimately removed before the final vote. The Utah House of Representatives later approved the amendment in a vote of 52-19-4. Senator Kirk A. Cullimore, one of the bill's sponsors, explained that concerns about early adoption and the implications of such a policy led to its repeal. Until the last minute, Utah seemed poised to make history by becoming the first state to adopt Bitcoin reserves. On February 2, Dennis Porter, CEO of the Satoshi Action Fund, predicted the bill would pass with the reserve clause intact. With Utah now out of the race, Arizona and Texas are leading the way, with their respective Bitcoin reserve bills overcoming legislative hurdles. Data from Bitcoin Laws shows that both states have successfully pushed their bills through Senate committees, with final votes pending. Across the United States, there has been a wave of legislative efforts aimed at establishing state Bitcoin reserves. Of the 31 bills related to Bitcoin reserves that have been introduced, 25 are still in effect. States such as Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Hampshire, New Mexico, North Dakota, Ohio and Oklahoma continue to push their proposals. However, similar efforts failed in Pennsylvania, Montana, Kentucky, and North Dakota. While Utah's attempt to take the lead in adopting Bitcoin at the state level has been unsuccessful, the general trend shows that the U.S. government and many states are increasingly moving to official Bitcoin holdings. Bitcoin adoption is still in its early stages It seems that the United States has many opportunities to accumulate as many Bitcoins as possible at the state and Government level as only 4% of the global population currently holds Bitcoin, with the highest level of centralized ownership in the United States. In the United States, an estimated 14% of individuals own BTC According to a research report from River, a Bitcoin financial services company, North America has the highest adoption rate among both individuals and institutions, while Africa lags behind at just 1.6%. The data shows that Bitcoin adoption rates tend to be higher in developed regions than in developing regions. River also estimates that Bitcoin only reaches 3% of its total adoption potential, which suggests that the digital asset is still in the early stages of global adoption. River came up with a 3% figure by assessing Bitcoin's total accessible market, which includes governments, corporations, and institutions, which is currently at just 1%. This calculation also takes into account the inadequate allocation of institutions and the percentage of individual ownership, indicating a vast space for the growth of Bitcoin. While Bitcoin has made a lot of progress since its inception in the cypherpunk movement, even gaining status as the reserve asset of the U.S. government, there are still some obstacles on the path to mass adoption. One of the bigger challenges is the lack of education in finance and engineering, which fuels common misconceptions about Bitcoin. This includes the belief that it is a scam or a Ponzi scheme. In addition, Bitcoin's notorious volatility is both a benefit and a disadvantage, as it attracts traders but also discourages those looking for a more stable medium of exchange or store of value. This volatility particularly affects those in developing economies, many of whom have opted for the US dollar as a safer store of digital value because of its lower transaction fees and relative stability compared to Bitcoin. During the recent White House Crypto Summit on March 7, U.S. Treasury Secretary Scott Bessent stated that the U.S. will leverage stablecoins to maintain the dollar's hegemony and defend its status as the world's dominant reserve currency.