MicroStrategy Inc. co-founder and executive Chairman Michael Saylor has stated that he is willing to offer his advice on cryptocurrency policy to President-elect Donald Trump once the crypto advisory council is established.
During the December 18 episode of the *Open Interest* show on Bloomberg Television, Saylor expressed his readiness to provide counsel on digital asset policy to Trump, whether publicly or privately, if requested.
Before offering his willingness to advise Trump on crypto policy, Saylor mentioned that he had already met with many individuals from the incoming administration, though he declined to identify any names or confirm whether he had met Trump personally.
### Is Saylor Fit for a Position?
Since the 2020s, Michael Saylor has been one of the most prominent advocates and investors in Bitcoin. He is known for putting his money where his mouth is, having personally invested around one billion dollars in BTC. In 2020, Saylor publicly revealed on X (formerly Twitter) that he owned 17,732 bitcoins, which he had acquired before MicroStrategy (MSTR) made its first significant purchase of Bitcoin. According to *Yahoo Finance*, MicroStrategy currently owns approximately 440,000 BTC, representing nearly 2% of the total Bitcoin supply. The company gained significant attention on the eve of Bitcoin’s recent price peak when it was included in the Nasdaq 100 index.
Saylor has referred to Bitcoin as the “apex property of the human race” and has an unrelenting desire to accumulate more of it. He compares Bitcoin to territories such as Manhattan or Alaska, which were acquired by early colonial administrations, specifying that Bitcoin is a type of cyberspace. This is why MicroStrategy is focused on acquiring Bitcoin in bulk. According to Saylor, owning as much of this “space” as possible is vital for the United States. This vision aligns with a statement made by Donald Trump on Truth Social: “We want all the remaining Bitcoin to be MADE IN THE USA!”
Saylor has identified Trump as the most crypto-friendly Republican politician. It appears that Saylor shares the President-elect’s views on Bitcoin. Although not an outright supporter of the GOP, Saylor stated in September that he sees Republicans as more progressive when it comes to cryptocurrency regulation. He highlights reduced regulatory pressure, the treatment of crypto as a tool to bolster the U.S. economy, and encouraging individuals to use digital finance to achieve their economic goals as progressive elements of the Republican approach to the crypto industry.
### What Do We Know About the Crypto Advisory Council?
Trump proposed the creation of a crypto advisory council during his widely discussed speech at the Nashville cryptocurrency conference in July 2024. As of December, little information has been made public regarding the council’s formation.
The lineup of participating companies is still unclear. However, it has been reported that companies like Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are seeking to engage with the incoming administration. Allegedly, an a16z representative was involved in advising Trump’s team during the presidential campaign. On December 6, Trump introduced entrepreneur and venture capitalist David O. Sacks as the “White House A.I. and Crypto Czar” via a Truth Social post.
It’s worth noting that, until 2024, Trump was not particularly enthusiastic about cryptocurrency. In the past, he made several critical remarks about Bitcoin, calling it “not money” and claiming that the value of cryptocurrencies was based on “thin air.”
However, Trump’s stance on crypto dramatically shifted during his 2024 presidential campaign. He began accepting donations in digital currencies, attended a major crypto conference in Nashville, where he promised to make America “the crypto capital of the world,” and put forward several important proposals related to cryptocurrency policy.
In addition to tax cuts for U.S. cryptocurrency companies, the removal of SEC Chairman Gary Gensler, and the creation of a strategic Bitcoin reserve, Trump announced the formation of the advisory council, with the top position granted to the world’s richest man and his ardent supporter, Elon Musk. This unofficial body has been named The Department of Government Efficiency, or simply DOGE, a playful reference to the legendary memecoin and a nod to Musk’s affinity for it. It remains to be seen what further crypto-related initiatives Trump will pursue.