For Saylor, the future value of Bitcoin can be predicted by anyone: Bitcoin represents a store of value without competitors in today's world.
Michael Saylor, CEO of MicroStrategy in an interview with Bloomberg
Michael Saylor spoke about his conviction with the future of Bitcoin and its inevitable appreciation over time. According to the CEO of MicroStrategy, Bitcoin has a unique appreciation potential, estimating that its value should increase between 20% and 40% per year for the next 10 to 20 years.
Saylor argues that unlike many other assets, Bitcoin has a limited supply. He argues that the main characteristic of a valuable investment is its scarcity and inability to be replicated or increased by human or government intervention.
In this sense, he compares Bitcoin to oceanfront real estate, which is scarce and desirable but still subject to government regulations and taxes.
Having Bitcoin is like owning real estate
According to the largest institutional Bitcoin investor in the world, while real estate, particularly beachfront property, is scarce and desirable, it is still subject to various limitations and risks, such as property taxes, government regulations and the inability to move it. physically.
Saylor points out that Bitcoin, unlike real estate, is a form of digital property that cannot be easily replicated or expropriated.
He claims that Bitcoin is highly liquid, can be transferred internationally easily, and is not subject to the same types of taxes and regulations as physical real estate.
“Beachfront properties are a mainstream idea close to Bitcoin in terms of desirable scarcity, but face legal and tax restrictions. For example, in Florida, oceanfront properties are subject to a 2% property tax, which can become a burden over time.” Saylor said.
Unlike physical real estate, Bitcoin offers unparalleled flexibility. Saylor mentions that by owning Bitcoin, it is possible to transfer your assets anywhere in the world, thus avoiding problems such as government expropriation or excessive taxes.
“With Bitcoin, you can move your assets securely and discreetly. It is an asset that is less susceptible to property taxes and, in situations of political instability, is safer than physical properties.” he stated.
Saylor also highlighted the risks associated with other types of investments, such as company stocks and real estate. He mentioned that companies face risks from competition, mismanagement, labor regulations and other threats that can reduce their value.
Real estate, on the other hand, can be affected by natural disasters, urban blight, or unfavorable government policies such as rent control.
He further highlighted that the global nature and liquidity of Bitcoin are invaluable advantages. “Bitcoin is the largest global market, available 24 hours a day, seven days a week. That doesn’t happen on your Texas homestead.” Saylor explained.
Bitcoin will rise forever
Michael Saylor won over the cryptocurrency community in an interview in which he spoke about his confidence in Bitcoin's continued appreciation potential.
During the conversation, Saylor was asked what the value of digital currency would be in the future, with the interviewer even questioning how much Bitcoin could appreciate in value.
When responding to the interviewer, he stated with conviction that the price of Bitcoin would continue to rise forever.
The phrase quickly spread throughout the cryptocurrency community and was adopted as a meme among Bitcoin's most ardent supporters. Enthusiasts began using the phrase on social media, forums and discussions as a mantra to reinforce the idea that Bitcoin is an unbeatable store of value and that its price will only increase over time.
The simplicity and bluntness of the phrase helped to popularize it, making it a kind of symbol of belief in the inevitable appreciation of Bitcoin.
In addition to being repeated on social media, the phrase was also transformed into various meme formats, videos and even t-shirts and other products.
In the most recent interview, Saylor was asked again about why he believes in such valuation, when he responded:
“Because all other investments are being diluted.”
Bitcoin will go up forever – Michael Saylor. pic.twitter.com/XhsFDvvmeW
— Livecoins (@livecoinsBR) June 10, 2024
For Saylor, the future value of Bitcoin can be predicted by anyone: Bitcoin represents an unrivaled store of value.
Its scarcity, combined with its inability to be replicated by governments or companies, makes it a unique and highly desirable asset for investors looking to preserve and grow their wealth in a scenario of inflation and value dilution from other forms of investment.
Michael Saylor firmly believes that Bitcoin will continue to appreciate in value until infinity, serving as a hedge against the depreciation of traditional assets and offering a form of wealth preservation.
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