Michael Saylor: Bitcoin will go to millions of dollars, we will be a Bitcoin bank

Michael Saylor, chairman and founder of MicroStrategy, gave an interview that showed how much he trusts Bitcoin. Saylor stated that as MicroStrategy, they finally want to turn into a Bitcoin bank, but they aim to serve differently from traditional banks and reach a trillion-dollar value.

Michael Saylor, the founder and chairman of the board of MicroStrategy, which has made a splash all over the world with its Bitcoin buying strategy since 2020, gave an interview to the analysts of the asset management company Bernstein. Gautam Chhugani, who is the manager in charge of digital assets at Bernstein, shared the details of the interview in his customer note.

“MicroStrategy will be a Bitcoin bank”

Stating that he sees the company MicroStrategy at the center of a system that creates Bitcoin capital markets products, Saylor said:

“Bitcoin is the most valuable asset in the world... The goal we want to reach is to be a Bitcoin bank or a trading bank... Or you can say 'Bitcoin finance company'. We aim to turn into a company consisting of bonds, debt and debt instruments that can be converted into shares. The company is currently priced with a 50% premium. Our regular incomes are also increasing on an annual basis. Of course, volatility... We aim to be a company that holds 150 billion dollars and is priced with a 100% premium.”

“Bitcoin will go to a million dollars”

Stating that the company is thinking of being included in the fixed income markets after a certain level and continuing Bitcoin purchases, Saylor said:

“We want to turn into a 300-400 billion dollar company in the first place and have the largest options market. Then we want to be included in the fixed income markets and buy more Bitcoin. Look, Bitcoin will go to a million dollar value, and we will have created a trillion-dollar company.”