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MicroStrategy Founder Michael Saylor Articulates His Vision to Transform the Company Into the Leading Bitcoin (BTC) Bank

Patricia Arquette
Patricia ArquetteOriginal
2024-10-12 15:44:11991browse

During the interview, Saylor emphasized BTC's importance as a valuable asset, stating that his ultimate goal is to position MicroStrategy at the forefront of Bitcoin financial services.

MicroStrategy Founder Michael Saylor Articulates His Vision to Transform the Company Into the Leading Bitcoin (BTC) Bank

In a recent development, MicroStrategy (NASDAQ: MSTR) founder Michael Saylor has outlined his grand vision for the company during an interaction with analysts from research and brokerage firm Bernstein.

According to the report, Saylor highlighted BTC’s importance as a valuable asset, stating that his ultimate goal is to position MicroStrategy at the forefront of Bitcoin financial services.

A Leading Bitcoin Financial Institution

In a recent interview with Bernstein analysts, MicroStrategy founder Michael Saylor shared his ambitious vision for the company: to transform it into the leading Bitcoin (BTC) bank.

During the interview, Sair emphasized BTC’s importance as a valuable asset, stating that his ultimate goal is to position MicroStrategy at the forefront of Bitcoin financial services.

A Leading Bitcoin Financial Institution

Gautam Chhugani, head of digital assets at Bernstein, shared insights from Saylor’s discussion, indicating that MicroStrategy’s core business strategy revolves around creating capital market instruments tied to Bitcoin.

This includes equities, convertible bonds, fixed income, and preferred stock. Saylor envisions a future where the company holds substantial financial instruments backed by Bitcoin, potentially amassing $100 billion to $150 billion in BTC assets.

Sair elaborated on his vision, saying:

“This is the most valuable asset in the world. The ultimate goal is to be the leading Bitcoin bank, or merchant bank, or you can call it a Bitcoin financial company.”

Microstrategy’s founder outlined an ambitious financial trajectory, suggesting that with strategic growth, the company could reach a market valuation of $300 billion to $400 billion and enter the fixed-income market while continuously acquiring more Bitcoin.

MicroStrategy Aims For $100 Trillion Market Size

A long-term belief in BTC as the premier deflationary currency is central to Saylor’s strategy. Bitcoin accounts for approximately 0.1% of global financial capital, but Saylor predicts this figure could rise to 7% by 2045, corresponding to a price of $13 million per coin.

Bernstein analysts noted that if US capital markets permit MicroStrategy to raise funds through various financial instruments, the company would pursue opportunities to profit from the differences between US dollar capital markets and BTC.

When discussing the scalability of MicroStrategy’s debt strategy, Sair expressed confidence, stating: “I think it’s infinitely scalable. I don’t think we’ll have any problem raising another $100 billion or even $200 billion of capital after that.”

Saylor believes Bitcoin is a trillion-dollar asset class poised to expand significantly, projecting that it could grow to $10 trillion and ultimately reach $100 trillion in market size.

To support his case for Bitcoin’s growth, Sair presented a detailed cryptocurrency market analysis, predicting an annual growth rate of 44% over the next four years, gradually tapering off to 30%. Ultimately, he expects BTC’s returns to outpace the S&P 500 by 8%.

At the time of writing, the largest cryptocurrency on the market is trading at $62,300, up nearly 3% in the 24-hour time frame, after briefly losing the key $60,000 mark on Thursday amid the broader market correction.

Featured image from DALL-E, chart from TradingView.com

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