Michael Saylor, founder and executive chairman of MicroStrategy, recently shared an ambitious vision for his company. In an interview with analysts at Bernstein, a research and brokerage firm, Saylor mentioned that MicroStrategy’s endgame is to become the world’s leading Bitcoin bank.
The Road to Bitcoin Dominance
Since 2020, MicroStrategy has relentlessly acquired Bitcoin, leveraging debt and equity to outpace traditional investments. The company recently added 7,420 BTC, bringing its total holdings to 252,220 BTC, valued at over $15 billion. This massive acquisition came after the firm bought a whopping $485 million worth of Bitcoin in late September.
MicroStrategy now controls about 1.2% of Bitcoin’s finite supply of 21 million coins, which costs around $9.9 billion and involves $4 billion in debt. This aggressive strategy has made it the largest corporate bitcoin holder globally.
The firm views the digital asset as revolutionary digital capital, a hedge against inflation, and a superior long-term value store. During the interview, Saylor argued that the volatility attracts high-return investors. He highlighted that, over time, it will become a critical asset for both institutional and retail portfolios.
MicroStrategy Envisions to Build a Bitcoin Bank
Saylor mentioned that his vision for MicroStrategy is not just to hold on to Bitcoin but to serve as a Bitcoin bank. He outlined a daring plan to transform the intelligence software firm into a financial powerhouse fully anchored in Bitcoin. This plan aligns with the firm’s recent initiative to recruit a Bitcoin Advocacy Manager at its U.S. headquarters.
The Bitcoin advocate said the bank would issue various Bitcoin capital market instruments, including equity, convertibles, fixed income, and preferred shares. He foresees a future where MicroStrategy could hold $100 to $150 billion in Bitcoin-backed instruments.
In addition, Saylor shared that the Bitcoin bank will not lend out its assets. Rather, it will focus on borrowing money from traditional markets to invest more in the digital asset. Saylor emphasized that he prefers this strategy, viewing it as less risky than lending to individuals or corporations. He called this approach “lending to Bitcoin.”
He said the firm can earn high returns without the risk of being paid back by borrowers.
Saylor’s $13 Million Bitcoin Prediction
During the interview, Saylor forecasted a bullish Bitcoin trajectory, which signifies an unwavering confidence in the virtual asset. His bold vision sees the digital asset reaching millions of dollars per coin.
Currently, Bitcoin represents just 0.1% of global financial capital, but he predicts this could rise to 7% by 2045. This bullish prediction means Bitcoin’s price could reach an astounding $13 million per coin. MicroStrategy’s strategy hinges on this long-term belief in Bitcoin’s deflationary nature and its capacity to serve as the best form of money.
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