In a recent interview with analysts at research and brokerage firm Bernstein, Microstrategy Founder Michael Saylor articulated his ambitious vision for the company: transforming it into the leading bitcoin (btc) bank.
during the x.com/PANewsCN/status/1844698838436811251″ target=”_blank” rel=”noopener nofollow”>interviewSaylor emphasized the importance of btc as a valuable asset and stated 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, stating that MicroStrategy's core trading strategy revolves around creating capital market instruments linked to bitcoin.
This includes stocks, convertible bonds, fixed income, and preferred stocks. Saylor envisions a future where the company holds significant financial instruments backed by bitcoin, potentially amassing between $100 billion and $150 billion in btc assets. Saylor explained his vision and said:
This is the most valuable asset in the world. The ultimate goal is to be the leading bitcoin bank, or commercial bank, or you can call it a bitcoin financial company.
The founder of Microstrategy outlined an ambitious financial trajectorysuggesting that with strategic growth, the company could reach a market valuation of between $300 billion and $400 billion and enter the fixed income market while continually acquiring more bitcoin.
MicroStrategy Targets $100 Billion Market Size
The long-term belief in btc as the leading deflationary currency is central to Saylor's strategy. bitcoin represents approximately 0.1% of world financial capitalbut Saylor predicts this figure could rise to 7% by 2045, corresponding to a price of $13 million per coin.
Bernstein analysts noted that if the US capital markets allow MicroStrategy to raise funds through various financial instruments, the company would look for opportunities to benefit from the differences between the US dollar and btc capital markets.
When talking about MicroStrategy scalability debt strategySaylor 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 that is poised to expand significantly, and projects that it could grow to $10 trillion and ultimately reach $100 trillion in market size.
To support his argument for bitcoin's growth, Saylor presented a detailed description cryptocurrency market analysispredicting an annual growth rate of 44% over the next four years, gradually decreasing to 30%. Ultimately, expect btc returns to outperform the S&P 500 by 8%.
At the time of writing, the market's largest cryptocurrency is trading at $62,300, up almost 3% in the 24-hour period, after briefly losing the key $60,000 mark on Thursday amid the broader correction of the market.
Featured image of DALL-E, chart from TradingView.com
