Michael Saylor, President of MicroStrategy, recently reaffirmed his view that Bitcoin should be the only digital asset in the U.S. cryptocurrency reserve fund. He argues that Bitcoin is the strongest, most reliable, and safest asset, while altcoins like XRP need to be more tightly regulated.
1. Michael Saylor's Views on Bitcoin and XRP
In an interview with Fox Business, Saylor emphasized that:
• Bitcoin is a superior digital asset because it is decentralized and not under the control of any entity.
• XRP and other altcoins (Solana, Cardano…) are tokens that need clear regulations, as they are linked to the issuing company (Ripple for XRP).
• A national reserve fund should be built on Bitcoin to ensure safety, transparency, and not be controlled by private organizations.
2. Trump and the U.S. Cryptocurrency Reserve Fund
Previously, former President Donald Trump proposed the idea of establishing a national cryptocurrency reserve fund, in which XRP, Solana, and Cardano were also considered as part of this fund. However, after much criticism, Trump clarified that Bitcoin and Ethereum would be the two main assets.
Saylor opposes including XRP in the reserve fund because:
• It has a direct link to Ripple, a private company.
• A reasonable legal framework is needed to manage the issuance and use of XRP.
• Bitcoin is the only asset that can ensure long-term financial stability.
3. Why is Bitcoin the best choice?
Michael Saylor sees Bitcoin as a great opportunity for the United States and has made several arguments:
• Bitcoin is 'digital gold': Like gold in the physical world, Bitcoin can serve as a store of value in cyberspace.
• Countries like China and Russia are also moving towards digital assets; if the U.S. does not act soon, it may lose its advantage.
• Bitcoin is a decentralized asset, not controlled by any individual or organization, while many altcoins can be influenced by issuing companies.
4. Saylor's Plans at the White House Summit
At the upcoming White House Cryptocurrency Summit, Michael Saylor plans to:
• Convince the U.S. government to include Bitcoin in the national reserves.
• Call for clear regulations for digital assets, especially altcoins.
• Emphasize the importance of accumulating Bitcoin carefully and transparently for the United States to maintain its leadership position in the digital asset space.
5. Community Response
• Bitcoin supporters agree with Saylor's view that Bitcoin is the safest choice for the U.S. reserve fund.
• The XRP community opposes, arguing that XRP has great potential and should not be dismissed.
• Some analysts believe Ethereum should also be part of the reserve fund as it is the foundation for many decentralized financial applications.
Conclusion
Michael Saylor continues to be one of the strongest advocates for Bitcoin. His views could influence the future of cryptocurrency policy in the United States. However, the debate about cryptocurrency reserve funds is ongoing and no final decision has been made.
