Today, the executive chairman and CEO of strategy Michael Saylor commented on the aggressive Bitcoin-based strategy of the company in a recent interview at Bloomberg, and emphasizes that Bitcoin does not go to zero, it goes to $ 1 million.
“I think we are in a digital gold rush and you have ten years to acquire all your Bitcoin before there is no bitcoin for you,” Saylor said. “The competition is a virtuous competition.”
Saylor also said that Bitcoin will no longer have bear markets and that the price $ 1 million per coin is going.
“The winter is not coming back,” says Sayor. “We are over that phase. If Bitcoin does not go to zero, it goes to $ 1 million. The president of the United States is determined. He supports Bitcoin, the cabinet supports Bitcoin, Scott Bessent supports Bitcoin, Paul Atkins is shown as an enthusiastic believer of Bitcoin and Digital Assets.”
He too pointed From that international companies quickly enter the space.
“Metaplanet is now the most popular company in Japan, they went from $ 10 million to a market capitalization of $ 1 billion to a market capitalization of $ 5 billion. They are going to collect billions of dollars. They are going to get the liquidity from the Japanese market. So they will be capital in Tokyo Stock Exchaper.” “
The approach to the strategy is far from traditional. The company does not only buy Bitcoin; It builds financial instruments around it, of which Saylor believes she distinguishes them.
“Our company has a very specific business model,” he said. “It is to spend Bitcoin-supported credit instruments such as Bitcoin-supported bonds and in particular by Bitcoin supported preferred shares. We are the only company in the world that has ever a preference issued by Bitcoin. We have done three in the past five months.”
Instead of considering Bitcoin Treasury Holdings of ETFs as competitors, Saylor explained that strategy focuses entirely on a different segment of the market.
“We’re not competing against the Bitcoin treasury companies. We’re competing against ETFs like PFF that have portafolios of preferred stocks or corporate bond portfolios that are trading as ETFs in the public market, and the way we compete is we offer 400 basis points more yield on an instrument that is much more Heavily Collateralized and More Transparent … That’s $ 100 trillion or more of Capital in Those Markets, “Explained Saylor.
He emphasized that the Bitcoin balance of the strategy gives it a unique lead, giving the company the opportunity to design unique financial products.
“Our advantage is that we are 100% Bitcoin … It is impossible to spend Bitcoin-supported convertible preference and Bitcoin-supported fixed preference, unless you are willing to make 100% of your balance Bitcoin.”
“I am not really worried about competition from JPMorgan or Berkshire Hathaway,” concluded Saylor. “I would like it if they enter the Bitcoin space, buy a bunch of Bitcoin. If they do it, they pay $ 1,000,000 a bitcoin. The price goes to the moon.”