US President Donald Trump has invited Strategy Inc. co-founder and executive chairman Michael Saylor and other crypto industry titans to a White House crypto summit where he could reportedly unveil the Bitcoin reserve strategy.
According to The Pavlovic Report, US Commerce Secretary Howard Lutnick said the President would outline his vision for the digital asset industry during the highly anticipated event. He hinted that his address could include the Bitcoin reserve strategy, among other regulatory plans for cryptocurrencies.
White House Crypto Summit on Friday
The plans to create a Bitcoin strategic reserve have created a buzz within the crypto industry where leading lights like Michael Saylor and others invited to the Friday event have taken a stance slightly different from the one taken by the President. Giving his sentiments ahead of the White House crypto summit scheduled for Friday, March 7, 2025, Michael Saylor opined that Bitcoin should remain the central pillar of the initiative. Speaking during a Fox News interview, he said:
“The important thing to remember is that Bitcoin is the one universally agreed upon the foundational asset in the entire crypto-economy because it’s the asset without an issuer […] it’s neutral. 99% of the energy and the capital has flown into that one.”
Saylor Confirms Attendance
The White House Crypto Summit is expected to bring together most of the industry’s leading lights, where discussions will take place surrounding financial innovation, regulatory clarity, and economic growth activities. Confirming his invitation via social media platform X, Michael Saylor, whose company is the largest institutional Bitcoin holder globally at over 500,000 Bitcoins, will be joined by other crypto company executives, including.
Strategy chairman Michael Saylor confirmed on X that he has been invited to the event, which the President will host. Strategy is the world’s largest public holder of Bitcoin, with nearly 500,000 BTC, including Coinbase’s Brian Armstrong, Kraken’s Arjun Sethi, and Robinhood’s Vlad Tenev. Confirming his attendance, Michael Saylor wrote on X:
“I have been invited to the Digital Assets Summit at the White House this Friday, hosted by the President.”
Bitcoin Capital Flowing from All Over
Ahead of the White House crypto summit, Michael Saylor continued pushing for his Bitcoin outlook as a significant asset with an unprecedented market capitalization. During a recent CNBC interview, Saylor observed that capital flowed into Bitcoin from major world economies. He stated:
“Right now, we’re about $2 trillion in Bitcoin. It’s going to $20 trillion, then to $200 trillion, then growing 20% a year […] that capital is coming from overseas. It’s coming from China, from Russia, from Europe, from Africa, from Asia.”
Only Bitcoin should be Included
Saylor’s comments followed the recent announcement by Trump regarding plans for the crypto strategic reserve, indicating that it would include Bitcoin, Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). However, Michael Saylor believes only Bitcoin should be included in the initiative. He added:
“I think the emerging consensus in the industry is that Bitcoin should be the element in a strategic reserve over the long term for the country […] if you decide to buy cyberspace, buy it deliberately, progressively, and transparently.”
Conclusion
Michael Saylor, through his company Strategy, recently revealed that the firm didn’t add any shares or Bitcoin to its holdings between February 24 and March 2, meaning the company holds close to 500,000 Bitcoin worth over $33.1 billion, bought at an average price of $66,357 per Bitcoin. Only time will tell whether Trump will unveil the Bitcoin reserve strategy during the Friday White House crypto summit.
Frequently Asked Questions (FAQs)
What could a crypto strategic reserve look like?
Trump supports a reserve that could include Bitcoin and several altcoins.
What’s the purpose of a crypto reserve?
The purpose of a crypto reserve is to preserve countries’ wealth and to hedge against economic uncertainty.
How could a reserve benefit the crypto industry?
The reserve could legitimize crypto as a diversification strategy as the industry tries to solidify its standing in traditional market structures.
What are the reactions of industry leaders to the announcement?
Most industry leaders support the Bitcoin reserve strategy but would exclude altcoins instead.
Appendix: Glossary to Key Terms
Bitcoin: A digital asset designed to act as money and a form of payment that any person, group, or institution does not control.
Altcoins: An altcoin, the short form for alternative coin, refers to all other cryptocurrencies different from Bitcoin.
Crypto strategic reserve: US President Donald Trump announced a plan to buy and stockpile cryptocurrencies as a hedge against inflation.
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