Michael Saylor: MicroStrategy aims to become the leading Bitcoin bank
In a recent interview with analysts at research and brokerage firm Bernstein, MicroStrategy founder and executive chairman Michael Saylor said the company's ultimate goal is to become the leading Bitcoin bank.
Michael Saylor believes that Bitcoin is a revolutionary form of digital capital that can effectively hedge against inflation and become an excellent tool for long-term value storage. Saylor believes that Bitcoin's volatility attracts investors seeking high returns and that it will become an indispensable asset in institutional and retail portfolios over time. Saylor sees MicroStrategy as a Bitcoin bank, with its core business being the creation of Bitcoin capital market instruments covering equities, convertible bonds, fixed income and preferred stocks. Instead of lending money like a traditional bank, MicroStrategy will seek to borrow money at low rates, offer lenders a slightly higher rate, and invest those funds in Bitcoin - the "base case" estimates an average annual return of 29%.