At the "Bitcoin For America" summit hosted by the Bitcoin Policy Institute (BPI) in Washington, D.C., Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), delivered a compelling speech, stating that Bitcoin not only represents America's digital hegemony strategy but also provides a "second-best option" for those unable to immigrate to the U.S. to participate in American economic values. This statement quickly drew attention, expanding Bitcoin's role from a mere digital asset to the intersection of geopolitical and immigration issues.
The Fusion of Bitcoin and American Values
In his speech, Saylor argued that Bitcoin is not just a decentralized cryptocurrency but a digital embodiment of core American values such as freedom, innovation, and economic opportunity. He pointed out that Bitcoin's blockchain technology grants individuals economic autonomy, a characteristic that aligns closely with the ideals at the founding of the United States. "If possible, people from Asia and Africa would immigrate to the U.S. They want American currency, security, and values, but they cannot get them," Saylor said. "Therefore, their second-best option is to transfer funds into the Bitcoin network, which embodies all of America's values, protections, and security."
This perspective positions Bitcoin as a "borderless" asset, providing an alternative pathway for those globally who cannot immigrate to the U.S., allowing them to indirectly share in the security and growth potential of the American economy. Saylor's remarks are quite novel in traditional financial discussions, challenging the common perception of Bitcoin as merely an investment tool.
Strategic Bitcoin Reserves: America's Digital "Manhattan Project"
Saylor further called for the U.S. government and businesses to establish strategic Bitcoin reserves to ensure dominance in the 21st-century digital economy. He likened this strategy to America's historical expansion of physical influence through the purchase of Manhattan and the Louisiana Territory, stating that Bitcoin reserves represent "territorial expansion in the digital realm." "We need to acquire as much Bitcoin as possible to lease and finance on that basis," Saylor stated.
The specific meaning of "leasing and financing" remains to be clarified, but analysts speculate that it may involve using Bitcoin as collateral to support loans or developing Bitcoin-based financial derivatives. According to a previous report by Forbes, Saylor has described Bitcoin as a "reliable store of value," suggesting its multifunctional potential in financial markets. Combined with reports from Bitcoin Magazine on the summit, this strategy may aim to ensure America's dominance in the global financial network by controlling a large amount of Bitcoin.
Saylor predicts that tens of trillions of dollars in commercial activity will flow through the Bitcoin network in the future. He believes that Bitcoin's low transaction costs, high efficiency, and global accessibility will make it a pillar of international trade, and if the U.S. can capture network share, it will gain an advantage in the digital economy. This prediction aligns with recent proposals from U.S. lawmakers—according to Bitcoin Magazine, some senators and representatives have suggested purchasing 1 million Bitcoins (BTC) to create a federal reserve, further validating the policy impact of Saylor's views.
Bitcoin and Immigration: An Unexpected Perspective
Perhaps the most striking part of Saylor's speech was his linking of Bitcoin to immigration issues. He pointed out that for those in Asia, Africa, and other regions unable to immigrate to the U.S., Bitcoin offers an economic "sanctuary." "They cannot obtain a U.S. green card, but they can have a digital embodiment of American values through Bitcoin," he said. This viewpoint not only gives Bitcoin a broader social significance but may also provide a new narrative for the global adoption of cryptocurrencies.
However, this connection has also sparked controversy. Critics argue that Bitcoin's decentralized nature and the anonymity of its creator, Satoshi Nakamoto, make it difficult to clearly define it as a representative of "American values." Additionally, Bitcoin's global distribution means its use is not limited to the influence of the U.S. Some analysts on social media platform X have pointed out that Saylor's remarks may be more driven by business interests rather than pure ideological motivations, given that Strategy holds billions of dollars in Bitcoin.
Current Context: The Rising Influence of Bitcoin Globally
As of March 12, 2025, Bitcoin's status continues to rise globally. According to AiCoin data, Bitcoin's price has steadily climbed over the past few years, and investment strategies in Bitcoin by companies like MicroStrategy have become market benchmarks. Furthermore, the U.S. government's policies on cryptocurrencies are gradually becoming clearer. Bitcoin Magazine reported that financial services company Cantor Fitzgerald is planning to expand its Bitcoin financing business, indicating a response from traditional financial institutions to Saylor's vision.
Meanwhile, Saylor's personal influence cannot be overlooked. Since he first converted his company's cash reserves to Bitcoin in June 2020, he has become a prominent figure in the Bitcoin community. The Washingtonian reported that Saylor has not only driven the wave of corporate adoption of Bitcoin but has also attempted to persuade over 1,400 companies to join this trend through educational initiatives like "Bitcoin for Corporations." His latest remarks may further solidify his position as a Bitcoin advocate.
Controversies and Challenges
Despite Saylor's grand vision, his views are not without controversy. The New Republic has questioned his investment strategy, labeling it as "the potential risks behind the Bitcoin craze." Critics point out that Bitcoin's high volatility may make it difficult to serve as a stable strategic reserve asset. Additionally, the implementation of "leasing and financing" may face regulatory hurdles, as the U.S. Securities and Exchange Commission (SEC) remains unclear on its stance toward cryptocurrencies.
Deeper questions arise regarding whether Bitcoin can truly represent American values. A commentary piece in Nasdaq argued that Saylor may have "misunderstood the essence of Bitcoin," pointing out that its decentralized nature is actually a disruption of the traditional financial system rather than an alignment with any national interest.
Conclusion: The Future of Bitcoin and America's Choices
Michael Saylor's speech at the "Bitcoin For America" summit undoubtedly injects a new dimension into Bitcoin's role. He views Bitcoin as a key tool for America's digital hegemony while providing a form of economic alternative for global immigrants; this dual positioning may reshape perceptions of cryptocurrencies. However, the realization of this vision depends not only on technological advancements but also on policy support and market validation.
As the scale and influence of the Bitcoin network continue to expand, whether the U.S. will adopt Saylor's strategic recommendations remains a focal point to watch in 2025. As he stated at the end of his speech, "Bitcoin is the digital gold of the 21st century, and America must embrace it now." Whether this declaration can be transformed into reality will be answered by time.
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