Michael Saylor, the MicroStrategy CEO and one of Bitcoin’s most vocal advocates, has once again reaffirmed his stance that BTC should be the sole asset in the US Crypto Reserve. According to Saylor, altcoins like XRP and ETH do not deserve a place in the national reserve due to their centralization and regulatory uncertainties.
This debate has intensified following President Donald Trump’s announcement of the US Crypto Reserve on Truth Social. While Saylor and other crypto industry leaders push for Bitcoin exclusivity, many question why altcoins should be left out. Let’s explore the reasons behind Bitcoin’s dominance and why it remains the “King of Crypto.”
Michael Saylor’s Massive Bitcoin Holdings
Saylor has been steadily accumulating Bitcoin since 2020, making no sales despite market volatility. His personal and MicroStrategy’s holdings amount to 499,096 BTC, making him one of the largest individual Bitcoin holders in the world. This represents nearly 2.4% of the total Bitcoin supply.
He famously equates Bitcoin to “cyber real estate”, boldly stating in past interviews: “Sell your kidney but not BTC!” His unwavering belief in Bitcoin’s superiority drives his argument that altcoins should be excluded from the US Crypto Reserve.
Why Only Bitcoin? The Case for BTC as the Sole US Crypto Reserve Asset
Saylor and other Bitcoin advocates believe that if the US does not take the lead, other countries will, potentially causing the nation to fall behind in the crypto revolution. Here are the key reasons why Bitcoin stands above all other digital assets:
1. Digital Gold & Store of Value
- Bitcoin is often referred to as “digital gold” due to its scarcity, decentralization, and trustworthiness.
- Unlike fiat currencies that can be printed indefinitely, Bitcoin has a fixed supply of 21 million coins, making it deflationary and a hedge against inflation.
2. Unmatched Decentralization & Security
- Bitcoin is the only truly decentralized cryptocurrency with no central authority or development team controlling it.
- The Bitcoin network is secured by miners and node operators worldwide, making it resistant to censorship and government interference.
3. Growing Institutional Adoption & Global Acceptance
- Governments, corporations, and financial institutions are increasingly adopting Bitcoin as a reserve asset.
- Countries like El Salvador and the Central African Republic have already integrated Bitcoin into their economies.
- After Trump’s return to office, several European and African nations have adjusted crypto regulations, further legitimizing Bitcoin.
Why Not XRP or Other Altcoins?
Many argue that other cryptocurrencies like XRP and Ethereum (ETH) could also serve as reserve assets. However, Bitcoin maximalists reject this notion due to several factors:
1. Centralization Issues
- Unlike Bitcoin, which operates independently, XRP is controlled by Ripple Labs, making it a centralized entity.
- Ethereum also has a core development team that significantly influences its roadmap.
2. Regulatory & Legal Challenges
- The SEC vs. Ripple lawsuit has created ongoing uncertainty around XRP’s regulatory classification.
- SEC scrutiny over Ethereum’s staking mechanism has further cast doubt on its potential use in national reserves.
3. Lack of a Fixed Supply & True Censorship Resistance
- Unlike Bitcoin’s strict 21 million supply limit, altcoins often have variable issuance models.
- Many altcoins are subject to governance changes, whereas Bitcoin operates on a strict protocol that cannot be altered arbitrarily.
Bitcoin’s Path to Becoming the Ultimate Reserve Asset
With institutional adoption on the rise and governments seeking to integrate digital assets, Bitcoin’s dominance will only grow. As global liquidity increases and the US dollar weakens, Bitcoin’s role as a long-term store of value becomes more apparent.
Michael Saylor and other Bitcoin maximalists argue that the US must secure BTC now to avoid falling behind as other nations accumulate digital reserves. Whether the US government follows through remains to be seen, but Bitcoin’s reputation as the “King of Crypto” remains unchallenged.
