Michael Saylor, co-founder and executive chairman of MicroStrategy Inc., says he is ready to advise Trump on cryptocurrency policy when the cryptocurrency advisory board is established.
During the December 18 episode of Open Interest on Bloomberg Television, Saylor expressed his willingness to provide his advice on digital asset policy to President-elect Donald Trump, either publicly or in confidence, if one asks him to do it.
Before expressing his willingness to advise Trump on crypto policy, Saylor admitted that he had already met with “a lot of people” in the new administration, but declined to specify the personalities or mention whether he had already met Trump.
Is Saylor fit for office?
Since the 2020s, Michael Saylor has been one of the leading advocates and investors in Bitcoin. Saylor is one who puts his money where his mouth is, as he has personally spent around a billion dollars on BTC. In 2020, Saylor took to YahooFinance! reports that currently MicroStrategy owns approximately 440,000 BTC, which represents almost 2% of the entire BTC supply. MicroStrategy made headlines on the eve of the latest BTC price spike when the company was included in the Nasdaq 100 index.
Michael Saylor considers Bitcoin a supreme property of the human race and has an insatiable thirst for Bitcoins. He compares Bitcoin to territories like Manhattan or Alaska that were purchased by early colonial administrations, specifying that Bitcoin is more of a kind of cyberspace. This is why MicroStrategy aims to own bitcoins en masse. According to Saylor, buying as much of this “space” as possible is crucial for the United States. This vision is consistent with the statement published by Donald Trump on the Truth Social platform. “We want all remaining Bitcoins to be MADE IN THE USA! » reads the message.
Saylor named Trump as the most pro-cryptocurrency Republican politician. It appears Saylor shares the president-elect’s views on Bitcoin. Although not a staunch GOP supporter, Saylor claimed in September that he views the Republicans as a more progressive party when it comes to cryptocurrency regulation. He cites decreasing regulatory pressure, treating crypto as a tool to boost the U.S. economy, and encouraging individuals to pursue their economic goals using digital finance as progressive features of the Republican approach to crypto industry.
What do we know about the Crypto Advisory Council?
Trump proposed the creation of a cryptocurrency advisory council during his now-famous speech at the Nashville Cryptocurrency Conference in July 2024. As of December, little information about the council’s preparations had been made public.
The composition of the participating companies is not yet clear. However, it has been reported that brands such as Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are seeking interactions with the new administration. Apparently, an a16z representative advised the Trump team during the presidential campaign. On December 6, Trump introduced entrepreneur and venture capitalist David O. Sacks as the “White House AI and crypto czar” via the publication Truth Social.
It is worth saying that before 2024, Trump was not an avid crypto enthusiast. In the pastThe president-elect made a series of anti-crypto remarks, calling Bitcoin “no money” and saying that the value of cryptocurrencies is based on nothing.
However, the 2024 presidential campaign saw a dramatic shift in Trump’s stance on crypto. He began accepting donations in digital currencies, attended a major cryptocurrency conference in Nashville, where he promised to make America “a cryptocurrency capital of the world” and made several important proposals regarding cryptocurrency policy.
In addition to tax cuts for American cryptocurrency companies, the removal of Gary Gensler from the SEC and the creation of the Bitcoin Strategic Reserve, Trump announced the creation of an advisory body with a leadership position awarded to the richest man on the planet and his passionate supporter Elon Musk. This unofficial agency is called The Department of Government Efficiency, or simply DOGE, a reference to a legendary memecoin, a place of notorious weakness of a Tesla CEO. Who knows what else to expect from Donald Trump when he gets into crypto?
