The Bitcoin Strategic Reserve Positions The U.S. As The Leader In The Race To Dominate Cyberspace.

He will have a seat at Friday's Roundtable,

Strategy Co-Founder and Executive Chair,

Michael Sailor is here.

You should have the most prominent chair,

the one with the arm chair, with the arms on it,

because your company owns more Bitcoin

than any other company.

What about 500,000 tokens?

Yeah, about 2.4% of the worldwide supply.

500,000.

Let's just get your view,

because everybody's dying to know about the summit

and what they think is going to be announced.

How do you think this crypto reserve will be financed?

Well, I think that there's a six-month process

that's been laid out by the Executive Order,

and I think the president was fairly deliberate in that.

There are 12 members on the presidential working committee.

They'll be involvement from the industry.

They'll be involvement from the Senate and from the House.

And it's above my pay grade to decide how it is determined.

But the Lomis Bill has laid out the idea

of acquiring Bitcoin strategically over four years,

just consistently day by day,

in order to reach a million Bitcoin target.

Okay, the government has 200,000 Bitcoin, as I understand it.

We equal about 17 billion at today's prices.

So to get up there,

how they would have to purchase Bitcoin, right?

So as the government purchases these Bitcoin

and other tokens, what is that going to do to the price?

I mean, supply goes down, the price goes up.

Well, the most responsible thing would be to go slow and steady

and deliver it with clear telegraphing and transparency,

so that the real key about Bitcoin is for people to understand

that it's digital property.

It's a savings account that empowers every single American

to save their wealth and preserve it over time.

And so what the government can do is to give clarity

to the asset class and confidence to every American citizen,

so they know they have an alternative to gambling

and the stock market.

I know you said that it's above your pay grade to decide,

but you are allowed an opinion.

Do you think taxpayer money should be used to purchase

these tokens and points to fill the reserve?

Well, I think the way to think about the industry

is there's digital commodities, that's Bitcoin,

and as I said, without an assure,

there's digital currencies like the stable coins.

That's really important for US dollar supremacy

and digital commerce.

There are digital securities, like tokenized stocks and bonds,

that will actually provide a capital efficiency

and globalization for American securities.

And then there are digital tokens, assets with issuers

that provide digital utility that are very interesting

and compelling, their role as capital creation

for the small and mid-size companies

that are blocked from the capital markets right now.

I think that it's wise to capitalize a country

or a company on a commodity, an asset without an issuer,

something like a property you could buy oil,

Bitcoin is a commodity.

I think that digital...

That's right, he is attached to a company, ripple.

I think that those are tokens

and we should have a regulatory framework

to allow them to be issued because...

If you'd put in the reserve, should they be in the reserve?

I think the emerging consensus in the industry

is that Bitcoin should be the element

in a strategic reserve over the long term for the country.

But if you wanted to support various investments

in a sovereign, well-fun,

that would be up to the executive branch.

Okay, so let's be clear.

I'm hearing you say the reserve fund should really have

the tested one and that is Bitcoin

and not Salano or Cardano or Salana.

And the important thing to keep in mind

is that Bitcoin is the one universally agreed upon

foundational asset in the entire crypto economy

because it's the asset without an issuer, it's neutral.

99% of the energy and the capital has flown into that one.

But I want to be clear that the U.S.

has the opportunity to be the leader in digital assets.

If they have a progressive framework

that supports currencies, securities, and tokens as well.

Michael, let me play devil's advocate

because I support any choice of if people want to buy Bitcoin,

I never understood why the Gary Gensler SEC

was so virulently and vehemently against it.

But when you talk about strategic reserves,

the U.S. has strategic reserves for things like oil,

for things like medical devices and equipment

and military equipment.

Just in case there is some type of crisis

and we don't want to be caught flat-footed

because in the best case scenario,

like the 1975 oil embargo by the Arabs,

the economy took a very big bruising

or worst-case scenario, people could die

if they don't have the right medical equipment.

Who's gonna die without Bitcoin?

My point is there are a lot of people who are saying,

why do we need this?

You know, the most important thing to understand

is that we bought 75% of this nation with about $40 million.

So the United States expanded west.

We bought Louisiana.

We bought California.

We bought Texas.

We bought Alaska.

It's property.

If you think of Bitcoin as property in cyberspace

and you say, where is all the money in the world headed?

Well, it's headed from foreign countries, China, Russia.

It wants to go to cyberspace.

It wants to go from the physical world to the digital world.

So if you think about Bitcoin as cyberspace,

then the logic behind a Bitcoin strategic reserve

is not so much you're storing up Bitcoin.

It's really that you're taking control of planting

the flag in cyberspace because the digital economy

is gonna be capitalized on Bitcoin.

And if you get there first before the AIs,

before the foreigners, before the Europeans,

the Africans, the South Americans,

the Russians and the Chinese,

the US can own it and benefit from it.

And I do, it's just really interested to know

what would you say to the Bitcoin real believers?

The real early acolytes who loved it

because it doesn't attach itself to any government.

And now the government, the US government

is going to be buying it if this does get approved.

How do you square that with the people who say,

wait, I don't want the US government involved in this?

Satoshi gave us a protocol for prosperity.

That's what we call Bitcoin.

And it was a great opportunity for empowerment

for eight billion people.

But also there are 400 million companies that need it.

There's also every country on earth that needs it.

So it's logical that a country that is interested

in economic empowerment and prosperity

is going to adopt Bitcoin in the same way

that a company like mine,

in the same way that an individual would.

And as we finish up, let's just say you're sitting there

at the table at the summit on Friday

and President Trump says, hey, Michael,

I know you're a big wig in the industry.

What's the number one thing I should

and shouldn't do with this reserve?

What would you say?

I would say the number one thing is

lay down clarity amongst digital assets

because there's a lot of conflict and confusion

because people misdefine the terms,

currency, commodity, security, token.

And then once you've laid out that framework,

if you decide to buy cyberspace, buy it deliberately,

progressively, transparently.

And slowly you said, yes.

Good to see you.

Thank you.

Michael Sayler of Strategy, thank you so much.

Yeah, happy to be here.

Yeah, let us know how this summit goes.

Call us right after.