Michael Saylor Wants Bitcoin Inside Banks and a $100 Trillion Digital Asset Industry

Michael Saylor wants US banks to hold Bitcoin (BTC) for customers and lend against it. He also says digital assets could grow into a $100 trillion industry. Saylor chairs MicroStrategy (now Strategy), the software company best known for buying Bitcoin.

He set out the plan in a policy post after speaking at the Bitcoin Policy Institute’s Freedom Tech DC summit this week. What Saylor Wants Banks to Do With Bitcoin Saylor wants banks to offer custody, meaning they store Bitcoin on a customer’s behalf.

He also wants them to issue loans backed by that Bitcoin under clear, workable rules. Global capital rules stand in the way, he argues. The Basel framework sets international standards for how much capital banks must hold against their assets.

It gives its riskiest class of crypto holdings a 1,250% risk weight. Saylor cites that figure as an example of how severe current treatment is. He wants regulators to separate three activities.