Michael Saylor, the visionary behind MicroStrategy, has set his sights on a bold ambition: transforming the company into a top Bitcoin bank. This isn’t just a passing thought; Saylor has a meticulously crafted plan to make it a reality.
Saylor recently referred to MicroStrategy as a “merchant bank” or a “Bitcoin finance company,” highlighting his commitment to establishing the company as a central player in the Bitcoin ecosystem. MicroStrategy’s recent acquisition of 7,420 BTC, boosting its holdings to a staggering 252,220 BTC (worth $15 billion), solidifies its position as the largest corporate Bitcoin holder globally.
Saylor, who founded MicroStrategy in 1989, believes Bitcoin is a potent hedge against inflation and an exceptional tool for preserving long-term value. He anticipates that Bitcoin’s inherent volatility will attract investors seeking high returns, making it an indispensable asset for both institutional and retail portfolios over time.
“If we end up with $20 billion of converts, $20 billion of preferred stock, $10 billion of debt and say $50 billion of some kind of debt instrument and structures instrument, we’ll have $100-$150 billion of Bitcoin,” Saylor said, outlining his ambitious plans for MicroStrategy’s Bitcoin holdings.
Saylor’s vision extends beyond immediate acquisition. He projects that by 2045, Bitcoin will make up 7% of global financial capital, potentially pushing the price per Bitcoin to $13 million. This ambitious prediction underscores his unwavering faith in Bitcoin’s long-term potential.
MicroStrategy’s approach to Bitcoin banking is unique; it involves borrowing rather than lending. Saylor argues that investing in Bitcoin is less risky than lending to individuals, corporations, and governments. The firm currently has no plans to lend out its Bitcoin holdings, choosing instead to maintain a strong, self-sufficient stance within the Bitcoin market.
This bold vision has caught the attention of analysts. James Van Straten, a CoinDesk analyst, tweeted Bernstein’s latest MicroStrategy rating as outperform with a price target of $290, marking a 37% upside from current levels. This positive outlook from a respected firm further highlights the confidence surrounding MicroStrategy’s Bitcoin strategy.
The influence of Bitcoin as an institutional asset class is expected to be a hot topic at Benzinga’s upcoming Future of Digital Assets event on November 19, where Saylor’s vision for Bitcoin banking and MicroStrategy’s role in shaping the future of crypto will likely be discussed in detail.
