Michael Saylor, CEO of MicroStrategy, stated that the company will “continue to buy at the highs indefinitely.” He likened investing in Bitcoin to acquiring land in Manhattan, where real estate prices have been rising for the past 300 years.
“We see it as a ‘digital Manhattan.’ I would have bought Manhattan 100 years ago, 200 years ago, every year for the last 300,” he noted. “You will get less than those who bought before you. But it’s always good to invest in the economic capital of the free world.”
Saylor also reiterated his confidence in the creation of a national Bitcoin reserve in the United States.
He mentioned that Senator Cynthia Lummis’s proposal to purchase 1 million BTC could yield the government $16 trillion, while Robert F. Kennedy Jr.’s initiative aiming for 4 million BTC suggests a return of $56 trillion. According to the MicroStrategy head, both options would bring significant benefits to the country.
“[Donald] Trump has the opportunity to go even further, up to $81 trillion in profits,” he added.
Saylor contrasted this sum with the US national debt of $36 trillion.
In his view, money from outside the country and “obsolete capital” from the 20th century will flow into Bitcoin.
“For the US, it makes sense to buy Bitcoin now and own the future,” the expert added.
He believes the US has the opportunity to define the regulatory infrastructure for digital assets, which is in demand worldwide.
“We need to define digital commodities, currencies, securities, tokens, NFTs, backed tokens. We need to establish rights and responsibilities for issuers, exchanges, and holders,” Saylor explained. “But this will require consensus from the executive branch, the House of Representatives, the Senate, and the industry. This hasn’t happened in the last four years.”
With the new American government, he sees prospects for tokenizing $500 trillion in assets over 21 years. During this time, $280 trillion in capital will enter the Bitcoin ecosystem.
The MicroStrategy head also recalled his Bitcoin forecast. He estimates that with a 29% annual growth rate, the price will reach $13 million per coin by 2045.
In response to criticism and accusations of running a Ponzi scheme, Saylor stated that issuing securities and selling debt obligations is a normal process.
“Every time real estate appreciates, Manhattan developers take on more debt to build new properties,” he emphasized. “This has been going on for 350 years. I call it economics.”
MicroStrategy Faces Bankruptcy Only in the Event of an Asteroid Impact
According to CryptoQuant head Ki Young Ju, only an asteroid hitting Earth could threaten MicroStrategy’s balance sheet.
MicroStrategy only goes bankrupt if an asteroid hits Earth.
For 15 years, #Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K.$MSTR debt is $7B and its $BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K. pic.twitter.com/cTwwTGYif4
— Ki Young Ju (@ki_young_ju) December 17, 2024
“The company’s debt is $7 billion, and its bitcoins are worth $46 billion. Based solely on this, the liquidation price is $16,500,” the expert noted.
For 15 years, the first cryptocurrency has not fallen below the cost basis for long-term investing whales. As of December 17, this is $30,000.
At the time of writing, Bitcoin is trading at $106,500. The market capitalization is $2.11 trillion.
As reported, from December 23, MicroStrategy shares will be included in the Nasdaq-100 list.