Michael Saylor, co-founder and executive Chairman of MicroStrategy Inc., has expressed his readiness to offer guidance to Trump on cryptocurrency policies once the crypto advisory council is established.

In a recent December 18 episode of Bloomberg Television’s Open Interest show, Saylor stated that he would be happy to provide insights on digital asset policies to President-elect Donald Trump, whether in a public setting or privately, if solicited.

Before making his offer to advise Trump on cryptocurrency policy, Saylor revealed that he had met with several individuals in the new administration but did not disclose any names or confirm whether he had met Trump directly.

Is Saylor Qualified for a Role?

Michael Saylor has been a prominent advocate for Bitcoin since the 2020s. He has been a significant investor in the cryptocurrency, reportedly spending around one billion dollars on BTC. In 2020, he shared on X (formerly Twitter) that he personally owns 17,732 bitcoins, acquired prior to MicroStrategy’s (MSTR) major bitcoin purchases. According to YahooFinance! reports, MicroStrategy currently holds approximately 440,000 BTC, representing nearly 2% of the total BTC supply. Notably, MicroStrategy captured attention just before the latest BTC price surge when it secured a spot in the Nasdaq 100 index.

Saylor regards Bitcoin as a key asset for humanity and displays an unquenchable appetite for bitcoins. He compares Bitcoin to historical territories like Manhattan or Alaska that were acquired by early settlers, emphasizing that Bitcoin represents a form of cyberspace. Consequently, MicroStrategy aims to acquire large amounts of bitcoins, with Saylor asserting that it’s vital for the United States to acquire as much of this “space” as possible. This perspective aligns with Donald Trump’s statement on Truth Social, which proclaimed, “We want all the remaining Bitcoin to be MADE IN THE USA!” reads.

Saylor identified Trump as the most crypto-friendly Republican figure, seemingly sharing the President-elect’s sentiments regarding Bitcoin. Although not a staunch GOP advocate, Saylor stated in September that he perceives Republicans as having a forward-thinking approach to cryptocurrency regulation. He highlighted their focus on reducing regulatory pressures, viewing cryptocurrency as a means to stimulate the U.S. economy, and supporting individuals’ pursuit of economic goals through digital finance as progressive attributes of the Republican stance on the crypto industry.

What Do We Know About the Crypto Advisory Council?

During a significant speech at the Nashville cryptocurrency conference in July 2024, Trump proposed the formation of a crypto advisory council. However, as of December, there has been limited information released about the council’s development.

The list of participating companies remains uncertain. Nonetheless, it has been reported that firms such as Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are seeking to engage with the incoming administration. It has been suggested that a16z representatives advised Trump’s team during the presidential campaign. On December 6, Trump announced entrepreneur and venture capitalist David O. Sacks as the “White House A.I. and Crypto Czar” via a post on Truth Social.

It’s noteworthy that prior to 2024, Trump had not demonstrated a strong interest in cryptocurrency. In the past, the President-elect made several anti-crypto comments, once declaring Bitcoin as “not money” and stating that the value of cryptocurrencies was largely unfounded.

However, during the 2024 Presidential campaign, there has been a notable shift in Trump’s crypto perspective. He began accepting donations in digital currencies, attended a major crypto conference in Nashville where he promised to turn America into “the crypto capital of the world,” and proposed several key initiatives regarding cryptocurrency policies.

Among proposals such as tax cuts for U.S. cryptocurrency businesses, the removal of Gary Gensler from the SEC, and the establishment of a strategic Bitcoin reserve, Trump also announced the formation of the advisory body, which is expected to be led by his ardent supporter and the wealthiest person globally, Elon Musk. This unofficial entity, referred to as The Department of Government Efficiency or simply DOGE, playfully alludes to the well-known memecoin, highlighting Musk’s notorious affinity for the cryptocurrency. What other surprises does Donald Trump have in store regarding crypto?