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Today, the Executive Chairman and CEO of Strategy Michael Saylor commented on the company\u2019s aggressive Bitcoin-based strategy in a recent interview at Bloomberg, emphasizing that Bitcoin is not going to zero, it is going to $1 million.<\/p>\n
\u201cI think we\u2019re in a digital gold rush and you\u2019ve got ten years to acquire all your bitcoin before there\u2019s no bitcoin left for you,\u201d Saylor said. \u201cThe competition is a virtuous competition.\u201d\u00a0<\/p>\n
Saylor also said that Bitcoin is not going to have bear markets anymore and the price is going to $1 million per coin.<\/p>\n
\u201cWinter is not coming back,\u201d commented Sayor. \u201cWe are past that phase. If Bitcoin is not going to zero, it is going 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 himself to be an enthusiastic believer of Bitcoin and digital assets\u2026 Bitcoin has gotten through its riskiest period.\u201d<\/p>\n
He also pointed<\/a> out that international firms are rapidly entering the space.<\/p>\n \u201cMetaplanet<\/a> is the hottest company in Japan right now, they went from $10 million to a $1 billion market cap to a $5 billion market cap. They\u2019re going to raise billions of dollars. They\u2019re going to pull the liquidity out of the Japanese market. So they\u2019ll be raising capital in Tokyo and the Tokyo Stock Exchange\u2026 It\u2019s not competitive. It\u2019s cooperative.\u201d<\/p>\n Strategy\u2019s approach is far from traditional. The company is not just buying and holding Bitcoin; it is building financial instruments around it, which Saylor believes sets them apart.<\/p>\n \u201cOur company has a very particular business model,\u201d he stated. \u201cIt\u2019s to issue Bitcoin-backed credit instruments like Bitcoin-backed bonds and especially Bitcoin-backed preferred stocks. We\u2019re the only company in the world that\u2019s ever been able to issue a preferred stock backed by Bitcoin<\/a>. We\u2019ve done three of them in the past five months.\u201d<\/p>\n Rather than viewing Bitcoin treasury holdings or ETFs as competitors, Saylor explained that Strategy is targeting a different segment of the market entirely.<\/p>\n \u201cWe\u2019re not competing against the Bitcoin treasury companies. We\u2019re 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\u2026 That\u2019s $100 trillion or more of capital in those markets,\u201d explained Saylor.<\/p>\n He emphasized that Strategy\u2019s Bitcoin balance sheet gives it a unique edge, giving the company the ability to design unique financial products.<\/p>\n \u201cOur advantage is that we\u2019re 100% Bitcoin\u2026 It\u2019s impossible to issue Bitcoin-backed convertible preferred and Bitcoin-backed fixed preferred unless you\u2019re willing to make 100% of your balance sheet Bitcoin.\u201d<\/p>\n \u201cI\u2019m not really worried about competition from JPMorgan or Berkshire Hathaway,\u201d concluded Saylor. \u201cI would love for them to enter the Bitcoin space, buy up a bunch of Bitcoin. When they do it, they\u2019ll be paying $1,000,000 a Bitcoin. The price will go to the moon.\u201d<\/p>\n<\/div>\n