Saylor Seeks Clarity on Bitcoin Banking Regulations

Michael Saylor is urging US banks to custody Bitcoin (BTC) and extend loans backed by the asset. He argues that regulators should distinguish between different activities, such as custody, collateralized lending, and proprietary bank holdings.

Saylor believes that clearer rules would give Bitcoin holders more ways to access capital without selling their assets, while increasing competition among banks. According to Strategy's July Bitcoin Banking Adoption Index, major-bank adoption of Bitcoin was at 32%.

The executive chairman of Strategy, formerly MicroStrategy, links his broader $100 trillion digital asset estimate to artificial intelligence (AI). He argues that autonomous software will increasingly research products, negotiate transactions, and make purchases, which requires money and markets that operate continuously.