Michael Saylor is Open to Advising Trump on Cryptocurrency Policy
**MicroStrategy Inc. co-founder and executive Chairman Michael Saylor expresses willingness to advise Trump on cryptocurrency policy**
MicroStrategy Inc. co-founder and executive Chairman Michael Saylor has stated that he is ready to provide advice to President-elect Donald Trump on cryptocurrency policy when the crypto advisory council is established.
During the December 18 episode of the *Open Interest* show on Bloomberg Television, Saylor expressed his openness to offering guidance on digital assets policy to Trump, whether in a public or private capacity, should he be called upon to do so.
Before making this statement, Saylor acknowledged that he had already met with many individuals within the incoming administration but refrained from disclosing specific names or confirming whether he had met Trump personally.
**Is Saylor qualified for such a role?**
Since the 2020s, Michael Saylor has become one of the leading Bitcoin advocates and investors. Saylor is known for backing his words with substantial financial commitments, having personally invested around one billion dollars in Bitcoin. In 2020, Saylor announced on X (formerly Twitter) that he personally owned 17,732 bitcoins, acquired before MicroStrategy (MSTR) made its first significant Bitcoin purchase. According to *Yahoo Finance*, MicroStrategy currently holds approximately 440,000 BTC, representing nearly 2% of the total Bitcoin supply. The company gained significant media attention when it was included in the Nasdaq 100 index just ahead of the latest Bitcoin price peak.
Saylor has referred to Bitcoin as the “apex property” of the human race and maintains an insatiable appetite for acquiring more. He compares Bitcoin to territories like Manhattan or Alaska, which were purchased by early colonial administrations, noting that Bitcoin is more akin to a digital form of cyberspace. This is why MicroStrategy aims to accumulate Bitcoin in large quantities. Saylor believes that purchasing as much of this “space” as possible is essential for the United States. This aligns with a statement made by Donald Trump on the Truth Social platform: “We want all the remaining Bitcoin to be MADE IN THE USA!”
Saylor has also singled out Trump as the most crypto-friendly Republican politician, suggesting that they share similar views on Bitcoin. Although not an overt supporter of the GOP, Saylor claimed in September that he views Republicans as more progressive on cryptocurrency regulation, citing their focus on reducing regulatory pressure, treating crypto as a tool to strengthen the U.S. economy, and encouraging individuals to use digital finance to pursue their economic goals as key elements of the Republican approach to the crypto industry.
**What do we know about the Crypto Advisory Council?**
Trump proposed the formation of a crypto advisory council during his well-known speech at the Nashville cryptocurrency conference in July 2024. As of December, however, few details have been made public regarding the council’s preparation.
The lineup of participating companies remains unclear, but it has been reported that companies such as Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are seeking collaboration with the incoming administration. It is also reported that a representative from a16z played an advisory role during Trump’s presidential campaign. On December 6, Trump introduced entrepreneur and venture capitalist David O. Sacks as the “White House A.I. and Crypto Czar” through a post on Truth Social.
It is noteworthy that, prior to 2024, Trump was not known for his enthusiasm about cryptocurrencies. In the past, the President-elect made several anti-crypto statements, calling Bitcoin “not money” and claiming that the value of cryptocurrencies was based on “thin air.”
However, during the 2024 Presidential campaign, Trump’s stance on cryptocurrency shifted dramatically. He began accepting donations in digital currencies, attended a major crypto conference in Nashville where he promised to make America “a crypto capital of the world,” and introduced several key proposals related to cryptocurrency policy.
In addition to advocating for tax cuts for U.S. cryptocurrency companies, the removal of Gary Gensler from the SEC, and the establishment of a strategic Bitcoin reserve, Trump announced the formation of the advisory body. The leading position within the council was granted to the wealthiest man in the world and his ardent supporter, Elon Musk. This unofficial body, dubbed The Department of Government Efficiency, or simply DOGE, is named after the popular memecoin, reflecting Musk’s connection to it. The role of DOGE in this context leaves one to wonder what further surprises Trump might have in store as he embraces the crypto world.
