Michael Saylor, co-founder and chairman of MicroStrategy Inc., said he would be willing to advise Trump on cryptocurrency policy once a cryptocurrency advisory board is formed.
On the December 18 episode of Bloomberg Television’s Open Interest show, Saylor publicly and confidently expressed her willingness to provide advice on digital asset policy to President-elect Donald Trump if asked.
Before expressing his willingness to advise Trump on cryptocurrency policy, Saylor acknowledged that he had already met with “a lot of people” in the incoming administration, but declined to specify their nature and did not say whether he had already met Trump.
Is Saylor suitable for the position?
Since the 2020s, Michael Saylor has been one of the leading advocates and investors in Bitcoin. Saylor is someone who puts his money where his mouth is, having personally spent around $1 billion on BTC. In 2020, Saylor announced via Yahoo Finance! Currently, MicroStrategy reports that it owns approximately 440,000 BTC, accounting for close to a 2% share of the total BTC supply. MicroStrategy made headlines ahead of the recent BTC price peak when the company was included in the Nasdaq 100 index.
Michael Saylor has an insatiable thirst for Bitcoin, considering it to be humanity’s greatest asset. He compares Bitcoin to territories like Manhattan or Alaska purchased by early colonial governments and specifies that Bitcoin is a type of cyberspace. This is why MicroStrategy aims to own large amounts of Bitcoin. According to Saylor, in the United States it is important to purchase as much of this “space” as possible. This vision is related to a statement posted by Donald Trump on the Truth Social platform. “We want every remaining Bitcoin to be MADE IN THE USA!” The post is read.
Saylor singled out Trump as the most cryptocurrency-friendly Republican politician. Saylor appears to share the president-elect’s views on Bitcoin. Although not an outright Republican supporter, Saylor claimed last September that he views the Republican Party as the more progressive party when it comes to cryptocurrency regulation. He named reducing regulatory pressure, treating cryptocurrencies as a tool to boost the U.S. economy, and encouraging individuals to pursue economic goals using digital finance as progressive features of the Republican approach to the cryptocurrency industry.
What do we know about cryptocurrency advisory boards?
In his now-famous speech at the Nashville Cryptocurrency Conference in July 2024, Trump proposed the creation of a cryptocurrency advisory board. As of December, not much information was released about the committee’s preparations.
The lineup of participating companies is not yet clear. However, brands including Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are reportedly seeking to engage with the incoming administration. During the presidential campaign, a16z representatives were reportedly involved in advising the Trump team. On December 6, Trump introduced entrepreneur and venture capitalist David O. Sacks as the “White House AI and Cryptocurrency Czar” in a Truth Social post.
It’s worth saying that Trump was not an avid cryptocurrency enthusiast, at least before 2024. in the pastThe president-elect has made a series of anti-cryptocurrency statements, calling Bitcoin “not money.” The value of cryptocurrency is based on thin air.
However, Trump’s stance on cryptocurrencies has changed significantly during the 2024 presidential campaign. He started donating in digital currency, visited a major cryptocurrency conference in Nashville, promised to make the U.S. the “crypto capital of the world,” and made several important proposals regarding cryptocurrency policy.
In addition to tax cuts for U.S. cryptocurrency companies, the removal of Gary Gensler from the SEC, and the creation of strategic Bitcoin reserves, Trump is the richest man on the planet and his passionate supporter Elon Musk. This unofficial body is called the Department of Government Efficiency, or simply DOGE, a reference to the legendary memecoin, the Tesla CEO’s infamous soft spot. Who knows what else to expect from Donald Trump when he invests in cryptocurrency?