Michael Saylor Pushes Big Bitcoin Plan in Washington D.C.

Michael Saylor, one of the biggest Bitcoin advocates, is here in Washington D.C. today, September 16, 25. He is attending an important session to sponsor a new law called BITCOIN Act. This bill asks the American Government to acquire 1 million Bitcoin in the next half decade. This is to protect the economy of the U.S. against inflation. Some think that this is a very ambitious idea whilst some are scared of the risks.

Significance of this Meeting

This comes when Bitcoin is assuming prominence in other regions globally. Russia and Japan among other countries are also planning to have Bitcoin as a national currency. The BITCOIN Act was introduced to congress in March 2025 by Senator Cynthia Lummis and Congressman Nick Begich. It was driven by the location of the U.S in the Strategic Petroleum Reserve. The plan is simple: Buy Bitcoin using the money that is already available to the state. They do not desire the taxpayers to pay extra.

The proponents of the BITCOIN Act are of the opinion that the Act will help the U.S to keep up with the world economy. It is also a potential to lower the national debt within the future on the condition that the prices of Bitcoin keep growing. Senator Lummis believes that the government has the authority to hold at least 20 years of cold storage of the Bitcoin. President Trump and the Vice President JD Vance are in support of the plan but not every Democrat and economist.

Who Is Michael Saylor?

Michael Saylor is one of the co-founders of MicroStrategy that is known due to the acquisition of large amounts of Bitcoin. MicroStrategy holds 638,985 Bitcoin worth about 47.23 billion by September 2025. Recently, the firm has bought 525 more Bitcoins. Saylor is very optimistic about the future of Bitcoin. One time he was quoted saying, Every Bitcoin you do not purchase is a 13 million dollar error.

What Is Going on with the Market?

By mid-September 2025, the price of Bitcoin is estimated to be 115,786. It reached an all time high of 122, 000 in July this year. Other analysts think that it will rise to 130,000 in case the government decides to purchase a large inventory. Last year alone was the year that Bitcoin price was fluctuating at a considerable degree of 70 percent. The crypto-movement keeps gaining popularity in the global arena. The Chainalysis Global Crypto Adoption Index reveals that the adoption of crypto grew by 15 percent compared to the last year. North America is leading the pack especially after launching a Baby Bitcoin ETF in early 2024. Neither are other countries. Russia already holds 50,000 Bitcoin of the sanctions and Japan is weighing up buying 100,000.

What Are The Risks?

This plan is not supported by all people. A survey conducted in the University of Chicago in February 2025 indicated that 0 percent of economists supported the idea of the government buying Bitcoin. They alleged that Bitcoin is volatile. In reality, the 30-day price fluctuations of Bitcoin stand at 3.5, as opposed to 0.8 of gold. Opponents worry about crashes in the market. With the decline of the price of Bitcoin, it is said that the government can lose billions. There are also legal problems. The government cannot just buy Bitcoin without the Congress approving it. This means that the BITCOIN Act is yet to cover a long way before it becomes legislation.