Today, Michael Saylor, executive chairman and CEO of Michael Saylor, commented on the company’s aggressive strategy based on Bitcoin in a recent interview with Bloomberg, stressing that Bitcoin will not reach zero, and will reach $1 million.
“I think we’re in the digital gold rush, and you’ve had a decade of buying all of your bitcoins without Bitcoin,” Saylor said. “Competition is a virtuous competition.”
Sailer also said that Bitcoin will no longer have a bear market and the price will reach $1 million per coin.
“The winter is not back,” Thal said. “We’ve passed the stage. If Bitcoin doesn’t reach zero, it will reach $1 million. The U.S. president is determined. He supports Bitcoin, the cabinet supports Bitcoin, Scott Bessent supports Bitcoin, Paul Atkins has proven himself a passionate believer in Bitcoin and digital assets, and Bitcoin is the passion of Bitcoin.
He also noted that international companies are quickly entering the space.
“Metaplanet is the hottest company in Japan right now, and they are increasing from $10 million to $1 billion in market cap to $5 billion in market cap. They will raise billions of dollars. They will pull liquidity out of the Japanese market. So, they will raise funds on Tokyo and Tokyo Stock Exchanges, which is out of place.
The strategy approach is far from traditional. The company is not just buying and holding Bitcoin; it is building financial instruments around it, and Saylor believes it sets them apart.
“Our company has a very special business model,” he said. “This is issuing credit tools backed by Bitcoin, such as Bitcoin-backed bonds, especially preferred stocks backed by Bitcoin. We are the only company in the world that is able to issue preferred stocks backed by Bitcoin. We have completed three of them in the past five months.”
Rather than treating Bitcoin Treasury bills or ETFs as competitors, Saylor explains that the strategy is aimed at different parts of the market entirely.
“We are not competing with Bitcoin Treasury companies. We are competing with ETFs like PFFs with preferred stock or corporate bond portfolios that trade at the price of ETFs in the public market, and the way we compete is that we provide 400 base points that provide greater gains on the tool that illustrates the products more closely, but these currencies speak more about these products or more funds.
He stressed that the strategy of Bitcoin balance sheet gives it a unique advantage, giving the company the ability to design unique financial products.
“Our advantage is that we are 100% Bitcoin…unless you are willing to put 100% of the balance sheet Bitcoin account for 100%.
“I’m not worried about the competition from JPMorgan or Berkshire Hathaway,” Saylor concluded. “I want them to get into the Bitcoin space and buy a bunch of Bitcoins. When they do that, they’ll pay $1,000,000 in Bitcoin. The price will reach the moon.”
