Microstrategy CEO Michael Saylor has urged Microsoft and its board of directors to embrace Bitcoin. In a slide of 44 pages, the Microstrategy boss asked the company to abandon other conventional financial methods. Saylor highlighted that the company needs to drop its reliance on bonds, dividends, and buybacks and put its trust in the leading digital asset Bitcoin.
In his presentation, Saylor called Bitcoin the choice of progression, drumming the reason the company needs to adopt the asset. In his presentation that lasted a little over three minutes, the Microstrategy boss predicted that with the asset’s growth, it is in line to inch a $280 trillion market cap by 2045.
Microstrategy CEO wants Microsoft to abandon bonds for Bitcoin
The Microstrategy boss urged the company to rely completely on Bitcoin, arguing that using bonds and buybacks will only increase its risk factors. Saylor also pointed out that using Bitcoin will remove counterparties associated with competitions, currencies, cultures, and corporations. He also pointed out that if the company directs all its bonds, buybacks, and dividends investment into Bitcoin, its shares could reach $584 in the next decade.
Saylor also highlighted if the company and others pool their financials into the asset, it could take a crack at $1.7 million per coin by the end of 2034. He also said that the company maintains a $100 billion annual investment in the asset, claiming it is better than bonds and other forms of investment. “What if you could buy a $100 billion company growing faster than Microsoft for one-time revenue? What if you could keep doing it every single year?” he said.
Saylor makes key Bitcoin arguments
Michael Saylor also discussed Bitcoin’s riding support, pointing to the shifting sentiment among individuals and political elites. Another integral factor is the United States President-elect Donald Trump, who made his pro-crypto stance during his campaign. He also discussed the backing the asset had received from Wall Street firms, especially noting the ETFs and other investment opportunities brought by firms like BlackRock.
Finally, he urged Microsoft to reconsider its Bitcoin investment strategy and take the right step by adopting the asset. Meanwhile, analysts are not sure Microsoft will follow Saylor’s advice, noting that the decision will rely on institutional shareholders like Vanguard, State Street, and BlackRock. The Microstrategy boss still believes that Microsoft has what it takes to witness an increment between $1 trillion and $4.9 trillion in shareholder value by 2034 if it invests in Bitcoin.
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