Michael Saylor believes that Microsoft could increase its market value by an additional $4.9 trillion if it converts all its assets to Bitcoin, based on the prediction that the price of Bitcoin will reach $1.7 million by 2034.
Michael Saylor, the Chairman of MicroStrategy and a prominent Bitcoin advocate, has made a bold proposal to the Microsoft board: convert all of the company's assets, including cash, dividends, debt, and stock buyback budgets, into Bitcoin.
In a presentation on December 1, Saylor argued that this move could help Microsoft add nearly $5 trillion to its current market value of $3.18 trillion, surpassing both Apple and Nvidia to become the most valuable company in the world.
Saylor predicts that the price of Bitcoin will reach $1.7 million by 2034. Based on this assumption, he believes that if Microsoft adopts an 'all-in' strategy with Bitcoin, the company's stock price could rise to $584 within the next decade. According to Saylor, investing in Bitcoin is a superior strategy compared to stock buybacks or holding bonds, yielding higher returns and minimizing risks for shareholders.
Bitcoin: The next wave of technology?
Saylor believes that Bitcoin represents the 'next wave of technology,' and Microsoft cannot miss this opportunity. He argues that holding Bitcoin will not only yield enormous profits but also eliminate risks for shareholders.
Saylor also pointed out the growing support for Bitcoin, from both the public and political figures, especially the endorsements for Bitcoin from elected President Donald Trump and the emergence of Bitcoin investment products from Wall Street firms. He coined this as the 'crypto renaissance' and believes it is an ideal time for Microsoft to reassess its investment strategy.
Saylor proposes that Microsoft should invest $100 billion in Bitcoin annually, equivalent to acquiring a company that grows faster than Microsoft. He questions: 'What if you could buy a $100 billion company, growing faster than Microsoft, with a single revenue? And you could keep doing that every year?' This question emphasizes the superior growth potential of Bitcoin compared to traditional investment forms.
MicroStrategy itself, the company led by Saylor, has heavily invested in Bitcoin since 2020. The company purchased 386,700 BTC for a total value of $21.9 billion at the time of purchase. With the current Bitcoin price at $97,200, this amount of Bitcoin is now worth nearly $37.6 billion, providing significant profits for the company.
This growth is also clearly reflected in the stock price of MicroStrategy (MSTR), which has increased 465.5% in 2024, reaching a peak of $421.88 on November 22, surpassing its previous all-time high.
