Michael Saylor Cryptocurrency Summit Speech: Bitcoin Strategic Reserve - The Foundation of Future American Generational Prosperity
Bitcoin Strategic Reserve is a competition to win dominance over cyberspace and control the future.
Original Article Title: A Digital Assets Strategy to Dominate the 21st Century Global Economy
Original Article Author: Michael Saylor, Strategy Founder
Original Article Translation: CryptoLeo, Odaily Planet Daily
The highly anticipated White House Crypto Summit has finally taken place, but unfortunately, the publicly broadcasted content was limited. During the livestream, most of the time was dedicated to the attendees' "Trump praising" session, and the livestream quickly went offline shortly after it started. Currently, based on surrounding information, attendees mentioned BTC strategic reserves, stablecoin legislation, and crypto regulation, but there wasn't any particularly substantive content. (Recommended Reading: "White House Crypto Summit: A Political Show with Applause and Slogans (Full Livestream)")
Following the summit, Strategy Founder Michael Saylor delivered his speech, which is shared below in translation by Odaily Planet Daily:
With the right digital asset framework, policies, and leadership, we can enable citizens to prosper, strengthen corporate power, dominate the global economy, and repay national debt. Over the next decade, the United States' gains in the crypto economy will reach $60-100 trillion, with the cultural benefits being greater and enduring.
Digital Assets — Creating a Robust Framework to Catalyze Crypto Renaissance
The proper classification of digital assets can eliminate unnecessary confusion, conflicts, and disputes while promoting rapid innovation, collaboration, and capital creation. A simplified approach involves introducing four new digital asset categories that seamlessly integrate the traditional financial system of securities, commodities, and currencies with the new digital economy. This structure must be elegant, intuitive, and highly adaptable to accommodate billions of people and millions of companies.
· Digital Tokens — Assets issued by issuers backed by digital utilities for capital creation and innovation;
· Digital Securities — Issuer-backed assets supported by securities or commodities for capital efficiency and globalization;
· Digital Currency — Issuer-backed assets pegged to a currency for digital commerce and dollar dominance;
· Digital Asset — An asset with no issuer, supported by digital power, used for capital preservation and appreciation.
Vision — Unleash the Power of the Crypto Economy, Promote Global Economic Development
Millions of U.S. businesses, artists, influencers, and institutions can issue digital tokens through a digital exchange, rapidly accessing the capital markets.
Thousands of stocks, bonds, ETFs, and commodities can be issued as digital securities and circulate globally around the clock via computer networks and mobile devices.
Digital currencies issued by U.S. companies will ensure the dollar's indispensable role in global trade, making U.S. issuers world financial leaders.
Bitcoin will become the global standard for capital preservation and appreciation, attracting trillions of dollars in capital flows, with the U.S. being a major beneficiary.
Principles — Become the World's Banker by Reviving Capitalism and Property Rights
Issuers must have the right to create and issue assets without requiring prior approval from regulatory authorities.
Exchanges should have the right to securely custody, trade, and transfer digital assets between customers and other exchanges seamlessly.
Owners should have the right to freely custody, trade, and transfer their assets.
All market participants must adhere to:
· Fair disclosure;
· Ethical behavior;
· Commitment to avoiding conflicts of interest;
· No one has the right to engage in fraudulent behavior, and everyone is liable civilly and criminally for their actions;
· The industry should be accountable for disclosure and compliance to facilitate the organic functioning of the market;
· Digital assets should flow freely on the internet, moving at speeds allowed by computational processes as swiftly as possible without hindrance from review or regulation;
· By establishing superior digital financial protocols, the U.S. can lead the world in digital finance, attract global capital, and lay the foundation for the future economy.
Urgency — End the War on Cryptocurrency and Drive Economic Digital Transformation
Hostile and unfair tax policies toward crypto miners, holders, and exchanges have hindered industry growth and should be eliminated, while arbitrary, capricious, and discriminatory regulations should be repealed.
The government should encourage and support major banks in custody, trading, and financing Bitcoin assets, and should not tolerate crypto industry participants being disconnected from the banking system.
In order for this industry to reach its full potential, it needs to be recognized as legitimate by traditional banks, insurance and financial institutions, as well as government bodies, and be treated fairly.
Opportunity — Transformation and Development of the U.S. Economy in the Next Decade
· Digital Tokens — Expand the capital base of U.S. companies by $10 trillion, lead the world in products and services, and export our ideas worldwide;
· Digital Security — Increase the value of U.S. securities by $20 trillion, establish a leadership position in global stock, bond, and derivatives markets, and export securities worldwide;
· Digital Currency — Increase U.S. national debt by $10 trillion, solidify dominance in global banking, credit, and currency markets, and export currency globally.
· Digital Commodities — Increase U.S. long-term capital assets by $20 trillion, enhance wealth for American households and businesses, and export our values worldwide.
Bitcoin Strategic Reserve — Winning the Race to Dominate Cyberspace and Control the Future
Between 2025 and 2035, accumulate 5-25% of Bitcoin for the nation through ongoing programmed daily purchases, by which time 99% of BTC will have been mined.
The Strategic Bitcoin Reserve (SBR) could potentially create $16-81 trillion in wealth for the U.S. Treasury by 2045, providing a viable path to offsetting national debt.
Never sell your Bitcoin! By 2045, the Bitcoin Reserve should be able to generate over $10 trillion in annual income and continue to grow, becoming a source of permanent prosperity for future American generations.
Conclusion — Call to Action
The time to act is now. By embracing digital assets and fostering innovation, the United States can ensure its global leadership in the 21st-century economy. Policymakers, regulators, and industry leaders must collaborate to establish a regulatory framework that promotes responsible growth while ensuring market integrity. A strong, visionary strategic reserve plan will unlock trillions of dollars in economic value, enhance national security, and make the United States the undisputed leader in the digital age.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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