ChainCatcher reported that according to The Block, in a recent interview with analysts from research and brokerage firm Bernstein, MicroStrategy founder and executive chairman Michael Saylor said that the company's ultimate goal is to become a 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 over time it will become an indispensable asset in institutional and retail portfolios.
Saylor sees MicroStrategy as a bitcoin bank, with its core business being the creation of bitcoin capital markets instruments covering equities, convertible bonds, fixed income and preferred stock. Rather than lending money out like a traditional bank, MicroStrategy would seek to borrow money at low rates, offer lenders a slightly higher rate, and invest those funds in bitcoin — a “base case” estimate of an average annual return of 29%.
