Michael Saylor publishes the Bitcoin and Cryptocurrency Framework for the US Government

December 21, 2024

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Michael Saylor publishes the Bitcoin and Cryptocurrency Framework for the US Government

Key takeaways

Michael Saylor released a framework for integrating digital assets into the US financial system.
MicroStrategy has significantly expanded its Bitcoin holdings, strengthening its view of Bitcoin as a store of value.

MicroStrategy founder Michael Saylor has Released A comprehensive framework for integrating digital assets into the US financial system.

The framework calls for regulatory clarity, governance standards and interoperability to encourage institutional investment and broader adoption of crypto assets.

SAYLOR, SHARING Frame on XHe stressed its importance, saying: “A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as a global leader in the 21st century digital economy.”

Among its main goals, the framework proposes to grow digital currency markets from $25 billion to $10 trillion, creating significant demand for US Treasuries.

It also outlines plans to expand global digital capital markets from $2 trillion to $280 trillion, ensuring that American investors receive the majority of this wealth.

Additionally, the framework calls for pushing digital asset markets beyond Bitcoin from $1 trillion to $590 trillion, strengthening US leadership in the sector.

It is also proposed to create a strategic reserve of Bitcoin, with the potential to generate between $16 and $81 trillion in wealth, providing a path to offset the national debt and bolster the US treasury.

The post comes amid market volatility, with Bitcoin falling from $108,000 to $92,000 following hawkish comments from Federal Reserve Chairman Jerome Powell before recovering to $97,000.

Since November 11, MicroStrategy has been buying Bitcoin on a weekly basis, marking a sign of this Sixth consecutive week of Bitcoin purchases.

This activity is in line with the company’s aggressive strategy to expand its Bitcoin holdings, with a total of 186,780 BTC accumulated over the six-week period from November to December 2024.

MicroStrategy’s total holdings It now stands at 439,000 BTC, worth more than $42.6 billion, strengthening its position on Bitcoin as a store of value and aligning with the Digital Assets Framework’s vision.