Microstrategy Saylor Explores Driving Bitcoin in America’s Digital Economy

Michael Saylor, CEO of MicroStrategy, described Bitcoin's strategy to position the United States as a global leader in the digital economy.

This move will expand his company's board of directors from six to nine members and include prominent crypto advocates, strengthening its strategic focus on digital assets.

Saylor advocates for the Bitcoin Reserve

On December 20, Saylor explained that his vision is focused on implementing the Strategic Bitcoin Reserve (SBR) to solve economic problems, increase the dominance of the dollar and create unprecedented growth opportunities in the digital asset sector.

“A strategic digital asset policy will strengthen the U.S. dollar, eliminate the national debt, and position America as a world leader in the 21st century digital economy — empowering millions of businesses, driving growth, and creating trillions in value,” Salor wrote. X.

Saylor's proposal outlines how a strong digital asset policy could spark a capital markets renaissance, unlocking trillions in value. While fueling the growth of digital assets, he considers the $10 trillion digital currency market's demand for US Treasuries.

He believes expanding this market will increase the value of the digital economy from $1 trillion to $590 trillion; The United States is leading the way.

“Establishing a Bitcoin reserve [is] Able to create wealth of 16-81 trillion dollars for the US Treasury [and] Providing a way to offset the national debt,” Salor said.

Despite these bold claims, critics like venture capitalist Nick Carter remain skeptical. Carter argues that the concept of the SBR lacks clarity and could weaken markets rather than strengthen the dollar.

He points to Bitcoin's volatility, citing the price surge from $108,000 to over $92,000 as evidence that it may not be a reliable reserve asset. Carter also believes that such a move could weaken the dollar's global status rather than strengthen it.

“I don't support a strategic bitcoin reserve and neither do you,” Carter said.

New Micro Strategy Board Members Bring Crypto Experience

According to a December 20 SEC filing, the Bitcoin-based company's board has elected new board members. The new additions include Brian Brooks, former CEO of Binance US and prominent figure in crypto regulation; Jane Dietz, Chief Investment Officer, Brown University; and Gregg Winiarski, Chief Legal Officer of Fanatics Holdings.

These new board members bring diverse expertise in finance, technology and emerging markets, aligned with MicroStrategy's broader strategic objectives. In particular, Brooks is known for his management and crypto expertise. He has held leadership roles at top crypto companies, including Coinbase and BitFury Group, as well as serving as an exchange regulator.

Meanwhile, Dietze also served on the board of the crypto asset management firm Galaxy Digital, while Winiarski has experience with a privately held international digital sports platform.

MicroStrategy is the largest publicly traded Bitcoin corporation. According to Bitcoin Treasuries, the company currently holds 439,000 Bitcoin worth more than $43 billion.