In a recent interview with analysts at research and brokerage firm Bernstein, MicroStrategy Founder Michael Saylor outlined his ambitious vision for the company: to transform it into the leading Bitcoin (BTC) bank.
During the interviewSaylor highlighted the importance of BTC as a valuable asset, stating 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 learnings from Saylor’s discussion, indicating that MicroStrategy’s core business strategy revolves around creating capital market Bitcoin-related instruments.
This includes stocks, convertible bonds, fixed income securities and preferred stocks. Saylor envisions a future in which the company holds significant financial instruments backed by Bitcoin, potentially amassing between $100 billion and $150 billion in BTC assets. Saylor expanded on his vision saying:
It is the most valuable asset in the world. The ultimate goal is to be the leading Bitcoin bank, or merchant bank, or you can call it a Bitcoin financial company.
Microstrategy founder laid out ambitious plan financial trajectorywhich suggests that with strategic growth, the company could reach a market valuation of $300-400 billion and enter the fixed income market while continually acquiring more Bitcoin.
MicroStrategy targets $100 trillion market size
Long-term confidence in BTC as the leading deflationary currency is at the heart of Saylor’s strategy. Bitcoin represents approximately 0.1% of financial capital of the worldbut Saylor predicts that figure could rise to 7% by 2045, which translates to a price of $13 million per coin.
Bernstein analysts noted that if the US capital markets allowed MicroStrategy to raise funds through various financial instruments, the company would seize opportunities to take advantage of the differences between the US dollar capital markets and BTC.
When discussing the scalability of MicroStrategy debt strategySaylor expressed confidence, saying, “I think it’s infinitely scalable. I don’t think we’ll have any trouble raising another $100 billion or even $200 billion in capital down the road.”
Saylor believes Bitcoin is a trillion-dollar asset class poised to grow significantly, predicting it could reach $10 trillion and ultimately reach $100 trillion in market size .
To support his arguments for the growth of Bitcoin, Saylor presented a cryptocurrency market analysisforecasting an annual growth rate of 44% over the next four years, gradually decreasing to 30%. Ultimately, he expects BTC returns to exceed those of the S&P 500 by 8%.
At the time of writing, the market’s largest cryptocurrency is trading at $62,300, up almost 3% over a 24-hour period, after briefly losing the key $60,000 mark on Thursday amid a broader market correction.
Featured image of DALL-E, chart by TradingView.com
