In a recent interview with Bernstein analysts, MicroStrategy co-founder and executive chairman Michael Saylor shared a bit more information about the company's ambitious plan.
MicroStrategy has been aggressively acquiring Bitcoin tokens since 2020, using debt and equity to boost returns. As of September 2024, the company owns 252,220 BTC worth over $15 billion, making it the largest corporate holder of Bitcoin globally.
Saylor described Bitcoin as a revolutionary digital asset that serves as a hedge against inflation and for long-term value preservation.
He also called it the best-performing asset of the 21st century, highlighting its volatility as a draw for investors seeking high returns.
MicroStrategy’s ultimate goal is to create a “Bitcoin bank” that will offer BTC-based financial products such as equities, convertibles, fixed income instruments and preferred shares.
He believes that as Bitcoin grows in importance, MicroStrategy could own hundreds of billions of dollars in the form of the cryptocurrency, positioning itself as a trillion-dollar company.
He predicts that by 2045, the price of the largest cryptocurrency could reach $13 million per token, which would represent 7% of the world’s financial capital. Rather than traditional lending, MicroStrategy’s strategy focuses on using cheap debt to buy Bitcoin and get a significant return, up to 50% annually, while avoiding the risks of lending to corporations and governments.
Bitcoin could be on the verge of another major breakout as institutional inflows return to levels that historically trigger rapid price acceleration.
According to on-chain analyst Darkfost, Bitcoin is entering a new stage of on-chain behavior marked by two key developments: a rare third peak in the SOPR Trend Signal during a single bull cycle and a sustained outflow dominance in exchange flows.
According to the latest Santiment report, the crypto market is entering a critical phase, with a mix of bullish on-chain signals and cautionary sentiment indicators.
In a stunning on-chain event that has reignited curiosity across the crypto community, more than $8.6 billion worth of Bitcoin linked to the network’s earliest years—commonly referred to as the “Satoshi era”—was quietly moved on Friday in what analysts believe is the largest single transfer of early-mined BTC ever recorded.