Michael Saylor: “We are accumulating a trillion US dollars in Bitcoin”

  • The founder of Strategy (formerly MicroStrategy), Michael Saylor, gave an interview to Bitcoin Magazine in which he outlines his vision for the future of Bitcoin.
  • Saylor sees Bitcoin as the next evolutionary step in the history of energy—after fire, electricity, and oil. In an interview, the Strategy founder describes Bitcoin as “digital energy” and “digital capital” that can be transmitted through space and time at the speed of light.
  • From this, he derives a clear investment and industry case: Companies, banks, and governments that integrate Bitcoin will create a more robust, efficient financial system – and gradually displace weak, undercollateralized forms of credit from the 20th century.
  • Saylor points to the rapid rise of Bitcoin treasury companies recapitalizing their balance sheets into Bitcoin. At the same time, he expects deep technical integration of BTC into operating systems and hardware—from Apple to Microsoft.
  • His endgame: First build up a trillion US dollars in Bitcoin, then issue digital loans on top of it – with solid collateral and attractive returns. “Digital, Bitcoin-backed loans will displace weak, low-interest loans,” Saylor says in the interview.
  • Saylor also wants to accumulate “a trillion dollars in Bitcoin.” This would correspond to 50 percent of the current BTC market capitalization.
  • However, Strategy's share price is currently weakening. Since the beginning of the year, BTC has even outperformed MSTR. Strategy currently holds 640,031 BTC—about three percent of the total Bitcoin supply.
  • In addition to Bitcoin, Ethereum, and other cryptocurrencies, you can also invest in stocks like Strategy (MSTR) at Bitpanda. This allows you to build a diversified portfolio with Bitpanda.

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Sources

  • Bitcointreasuries.net
  • Interview with Michael Saylor


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