MicroStrategy Executive Chairman Michael Saylor will take his key seat at the White House Crypto Summit on Friday.
Prior to the event, Saylor pointed out that Bitcoin should be the central pillar of the initiative, claiming it is the only universally agreed digital asset without an issuer.
“The important thing to keep in mind is that Bitcoin is a non-issue-free asset, and is a universally agreed upon basic assets across the crypto economy,” Saylor told Fox News in an interview. “It’s neutral. 99% of the energy and the capital have jumped into that energy.”
Hosted by President Donald Trump and chaired by White House Crypto Czar David Sacks, the upcoming White House Crypto Summit is set to bring together some of the most influential figures in the industry.
Among the confirmed attendees are Coinbase CEO Brian Armstrong, MicroStrategy Michael Saylor, Chris Martzalek of crypto.com, Robinhood CEO Vlad Television, Criken CEO Arjun Seti, Sergei Nazarov, World’s Liberty Finan Samann Sachha Zach Zakke Witt Inc. CEO David Bailey, and Paradigm co-founder Matt Huang.
The White House plan for US crypto-protected areas has raised questions about how it will be funded. Saylor noted that while the process is still unfolding, the structure is already shaped by an executive order laying out the six-month roadmap.
“I think there’s a six-month process laid out by executive order. I think the president was pretty intentional in that there are 12 members on the Presidential Working Committee,” he explained. “There will be engagement from the industry and we will be involved from the Senate and House of Representatives.”
Saylor referenced the Alumni Bill. It outlines the gradual accumulation of Bitcoin over four years and aims to acquire 1 million BTC for reserves.
Trump initially announced that assets like XRP, Solana and Cardano would be included in the reserves, but the backlash from industry leaders (who argued that only Bitcoin should be stockpiled) quickly forced clarification. Trump later confirmed that Bitcoin and Ethereum would become “the centre of the reserve.”
However, Saylor argues that Bitcoin should remain its main focus.
“I think the new industry consensus is that Bitcoin should be a long-term component of strategic reserves for the country,” he said. “If you decide to buy Cyberspace, make sure you purchase intentionally, gradually, and transparently.”
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