Why Should Bitcoin Be the Foundation of the U.S. Reserve?

Speaking on Fox Business, Saylor emphasized that Bitcoin is the core asset of the crypto economy and the only digital asset without an issuer, making it truly neutral.

He revealed that the U.S. government holds approximately 200,000 BTC ($17 billion), reinforcing the idea that Bitcoin is already recognized as a store of value.

Saylor argued that the U.S. must establish a Bitcoin strategic reserve to secure financial sovereignty:

“If the U.S. builds the digital economy on Bitcoin, it will gain a global competitive advantage and maintain its financial dominance.”

Should Other Cryptos Be Included in the Reserve?

Saylor dismissed the idea of including XRP, Solana, or Cardano in the reserve, stating that they serve different purposes.

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Regarding XRP, he called it a digital token with a distinct function, separate from Bitcoin’s role as a strategic asset.

On regulations, Saylor urged the U.S. government to formally classify Bitcoin as a commodity to provide clarity for future investments.

Future Plans for the U.S. Bitcoin Reserve

Saylor believes the U.S. should methodically and transparently build its Bitcoin reserve before countries like China gain dominance in the space.

The adoption of Bitcoin as a reserve asset could strengthen the U.S. financial position while accelerating global Bitcoin adoption.

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Rejection of the Bitcoin Reserve Bill!

In Montana, a bill aimed at directing public funds toward Bitcoin and other digital assets was voted down in the House of Representatives by a margin of 41 to 59. The bill sought to diversify the state’s assets and generate higher returns. However, despite Bitcoin being the only digital asset meeting the bill’s criteria, it faced strong opposition from lawmakers.

This rejection increases the number of U.S. states that are unwilling to use public funds for Bitcoin investments. North Dakota, Wyoming, and Pennsylvania are also among the states that have refused similar regulations.

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States Open to Bitcoin Reserves

Some states, on the other hand, are making progress toward legalizing Bitcoin reserves. According to Bitcoin Reserve Tracker, 19 states, including Arizona, Illinois, Kentucky, Maryland, Oklahoma, New Hampshire, and Texas, still have Bitcoin reserve-related bills under consideration.

• Utah: The “Blockchain and Digital Innovation Amendments” bill includes a provision allowing the state treasury to allocate up to 5% of its funds to digital assets. The bill is still pending.
• Arizona: The Senate Finance Committee has approved a bill that would allow public funds (including pension systems) to allocate up to 10% to cryptocurrencies. The bill has been sent to the Senate Rules Committee for further review before moving to the House of Representatives.
• Texas: Two separate bills are under discussion. One proposes allocating 1% of the general revenue fund to Bitcoin, while the other covers Bitcoin donations and crypto payment conversions.

Other Countries Are Also Considering Bitcoin

As some U.S. states explore the legalization of Bitcoin reserves, the topic is gaining traction globally. Countries like Switzerland, Brazil, Japan, and Russia are evaluating the inclusion of Bitcoin in their national reserve strategies.

With the growing debate over the role of cryptocurrencies in public finance, new legislative proposals and regulatory changes are expected in the coming months.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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