{"id":19622,"date":"2024-12-17T15:42:24","date_gmt":"2024-12-17T13:42:24","guid":{"rendered":"https:\/\/forklog.com\/en\/michael-saylor-advocates-for-continued-bitcoin-investment-urges-us-to-follow-suit\/"},"modified":"2024-12-17T15:42:24","modified_gmt":"2024-12-17T13:42:24","slug":"michael-saylor-advocates-for-continued-bitcoin-investment-urges-us-to-follow-suit","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/michael-saylor-advocates-for-continued-bitcoin-investment-urges-us-to-follow-suit\/","title":{"rendered":"Michael Saylor Advocates for Continued Bitcoin Investment, Urges US to Follow Suit"},"content":{"rendered":"

Michael Saylor, CEO of MicroStrategy, stated<\/a> 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.\u00a0<\/p>\n

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“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.”<\/p>\n<\/blockquote>\n

Saylor also reiterated his confidence in the creation of a national Bitcoin reserve in the United States.\u00a0<\/p>\n

He mentioned that Senator Cynthia Lummis’s proposal<\/a> to purchase 1 million BTC could yield the government $16 trillion, while Robert F. Kennedy Jr.’s initiative<\/a> 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.<\/p>\n

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“[Donald] Trump has the opportunity to go even further, up to $81 trillion in profits,” he added.<\/p>\n<\/blockquote>\n

Saylor contrasted this sum with the US national debt of $36 trillion.<\/p>\n

In his view, money from outside the country and “obsolete capital” from the 20th century will flow into Bitcoin.<\/p>\n

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“For the US, it makes sense to buy Bitcoin now and own the future,” the expert added.<\/p>\n<\/blockquote>\n

He believes the US has the opportunity to define the regulatory infrastructure for digital assets, which is in demand worldwide.<\/p>\n

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“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.”<\/p>\n<\/blockquote>\n

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.\u00a0<\/p>\n

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.<\/p>\n

In response to criticism and accusations of running a Ponzi scheme, Saylor stated that issuing securities and selling debt obligations is a normal process.<\/p>\n

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“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.”<\/p>\n<\/blockquote>\n

MicroStrategy Faces Bankruptcy Only in the Event of an Asteroid Impact<\/h2>\n

According to CryptoQuant head Ki Young Ju, only an asteroid hitting Earth could threaten MicroStrategy’s balance sheet.<\/p>\n

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MicroStrategy only goes bankrupt if an asteroid hits Earth.<\/p>\n

For 15 years, #Bitcoin<\/a> has never dropped below the cost basis of long-term whales, which currently stands at $30K.$MSTR<\/a> debt is $7B and its $BTC<\/a> holdings are worth $46B. Based on BTC alone, the liq price is $16.5K. pic.twitter.com\/cTwwTGYif4<\/a><\/p>\n

\u2014 Ki Young Ju (@ki_young_ju) December 17, 2024<\/a><\/p><\/blockquote>\n