In an 84-minute podcast interview, Michael Saylor, co-founder and executive chairman of business intelligence company MicroStrategy, passionately extolled the virtues of Bitcoin. He boldly predicted that Bitcoin would soar to $10 million per coin and expressed confidence that the entire nation of China would embrace the cryptocurrency.

In the introduction of the video, clips of Saylor confidently assert that “the cost of Bitcoin’s going to go up to 10 million dollars a coin,” accompanied by other quotes delivered in his characteristic bold style:

“What’s the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money is: we all have a short, brutal life.”

Beyond Saylor’s belief in Bitcoin as the future of currency, the central message is that Bitcoin functions in society akin to a mechanism for corporate immortality.

Saylor posed the question: “What if I told you I could make your company live forever?”

He argued that Bitcoin has rendered everything that came before it economically obsolete:

“Economics is pseudoscience before Satoshi. It’s a quasi-religious liberal art, filled with people’s opinions, prejudices, and biases. […] All economists before Satoshi were attempting to decipher economic laws using seashells, glass beads, pieces of paper, and credit instruments.”

The crux of Saylor’s argument centers on the concept of corporate immortality, asserting that companies investing in Bitcoin stand to outlast those stuck in traditional corporate norms.

According to Saylor:

“The average life expectancy of a corporation is something like 10 years. […] We’re talking about eliminating corporate mortality; we’re talking about extending economic vitality potentially by a factor of 10, maybe by a factor of a hundred, maybe by a factor of a million.”

Saylor seems confident in his vision. Besides affirming his belief in widespread Chinese acceptance of Bitcoin, he also foresees a future where a single Bitcoin could reach a value of $10 million.

Source: Michael Saylor

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