In a development that has stirred significant interest within the Bitcoin community, Eric Trump, Executive Vice President of The Trump Organization and second son of incoming President Donald J. Trump, shared a photo of himself alongside MicroStrategy Executive Chairman Michael Saylor. Trump captioned the post: “Two friends, one passion: Bitcoin 🚀 @Saylor” with Saylor responding via rocket emoji.
Shortly thereafter, Saylor reposted Eric Trump’s photo on X and confirmed: “Bitcoin is on the menu at Mar-a-Lago.” While details of their conversation remain undisclosed, speculation has arisen that a Strategic Bitcoin Reserve (SBR) may have been a subject of discussion, given Donald Trump’s previous declarations on the matter.
Bitcoin is on the menu at Mar-a-Lago. https://t.co/CMYUaw11Dy
— Michael Saylor⚡️ (@saylor) January 3, 2025
Strategic Bitcoin Reserve Confirmation?
Last year, during his campaign appearance at the Bitcoin Conference in Nashville, Donald Trump announced his intention to establish a US Strategic Bitcoin Reserve. He vowed to consolidate all BTC seized by the US government into a “national stockpile,” designed to function similarly to the Strategic Petroleum Reserve. The goal, according to Trump’s statements at the time, would be to bolster economic stability and harness Bitcoin’s market value as a financial hedge.
Michael Saylor reinforced his readiness to collaborate with the Trump administration during an appearance on Bloomberg Television’s “Open Interest” show on December 18. When asked if he would offer policy advice regarding digital assets, Saylor replied: “I’ve met with a lot of people in the incoming administration, but I couldn’t comment further than that.”
On the possibility of joining a forthcoming crypto advisory council, he stated: “I’m always willing to provide thoughts on constructive digital assets policy, either in confidence or publicly. And if I’m asked to serve on some sort of digital assets advisory council, I probably would do so. Yes.”
Just two days later, on December 20, Saylor published a digital asset framework that the Trump administration could potentially adopt. He summarized its objectives on X as follows: “A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value.”
Alongside Saylor, Eric Trump has also demonstrated a notably bullish stance on BTC. In December, at the Bitcoin Mena conference in Abu Dhabi, Trump forecasted that BTC would reach seven figures: “I’m confident it’s going to hit $1 million,” he said.
News of Eric Trump’s meeting with Saylor has been met with enthusiastic responses from BTC proponents, many of whom interpret the encounter as further affirmation that the incoming administration’s campaign promise to establish an SBR is gaining momentum.
David Bailey, CEO of BTC Inc., responded by referencing a legendary quote from BTC’s pseudonymous creator, Satoshi Nakamoto: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” adding humorously, “Satoshi on Strategic Bitcoin Reserve.”
Steven Lubka, Head of Private Clients & Family Offices at Swan, echoed the community’s optimism with a pointed observation: “The curveball for the SBR predictions is that the Trumps are actually all in on Bitcoin and people aren’t reading the tea leaves.” Eric Weiss, CEO of the Bitcoin Investment Group, added: “You. Are. Not. Bullish. Enough.”
At press time, BTC traded at $96,668.
