Search Bernstein Michael Saylor interview 

    $10T then $100T

    implying a $13 million price per bitcoin by 2045

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    Here are some key quotes from Michael Saylor’s recent interview with Bernstein analysts regarding MicroStrategy’s ambitious goals for becoming a “Bitcoin bank”:

    1. On MicroStrategy’s Strategic Vision:

    • Saylor described MicroStrategy’s endgame as becoming “the leading Bitcoin bank” with a targeted valuation of $1 trillion. He stated, “If we end up with $20 billion of converts, $20 billion of preferred stock, $10 billion of debt, and $50 billion in other debt instruments, we’ll have $100-$150 billion of Bitcoin”  .

    2. On Bitcoin’s Future Value:

    • He emphasized his belief that Bitcoin will reach “millions of dollars a coin,” making it the “most valuable asset in the world.” This is central to his thesis that MicroStrategy will grow significantly as Bitcoin’s value increases, potentially “trading at a 100% premium to $150 billion worth of Bitcoin”  .

    3. MicroStrategy’s Business Model:

    • Saylor clarified that unlike traditional banks, MicroStrategy would not lend out Bitcoin. Instead, he sees the company as a “Bitcoin finance company” that borrows funds to invest in Bitcoin, calling this strategy “infinitely scalable” given the growth potential of the asset  .

    4. On the Company’s Role in the Financial System:

    • Saylor explained, “Bitcoin is going to go to $10 trillion and then to $100 trillion,” framing MicroStrategy’s role as bridging traditional USD capital markets with Bitcoin investments. He believes the company could lead both equity and options markets in a Bitcoin-driven economy  .

    These statements reflect Saylor’s confidence in Bitcoin’s long-term potential and MicroStrategy’s role in pioneering a new financial model. For further details, you can access additional information through articles on InsideBitcoins and CoinJournal.

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    The recent interview between Michael Saylor, the executive chairman of MicroStrategy, and analysts at Bernstein revealed Saylor’s grand plan for MicroStrategy to become the leading Bitcoin bank. Saylor outlined an ambitious vision for the company to hold between $100 billion and $150 billion in Bitcoin, funded by a combination of debt and equity. This strategy aims to leverage Bitcoin’s growth, with Saylor predicting a rise to millions of dollars per coin, potentially leading MicroStrategy to a trillion-dollar valuation.

    Instead of following a traditional banking model, MicroStrategy would use capital from various debt instruments to invest directly in Bitcoin, avoiding lending out its holdings. Saylor sees this approach as a means of achieving consistent returns by capitalizing on Bitcoin’s deflationary nature, which he believes makes it a superior store of value over time. He also suggested that MicroStrategy’s ongoing Bitcoin purchases are a hedge against inflation and a foundation for a new financial model centered around digital assets.

    For more details, you can find insights from the interview at sources like CoinJournal and InsideBitcoins     .

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    In a recent interview with Bernstein, MicroStrategy’s executive chairman, Michael Saylor, outlined his ambitious vision for the company, aiming to transform it into the world’s leading Bitcoin bank with a potential trillion-dollar valuation. Saylor explained that MicroStrategy’s strategy centers around borrowing capital at low rates and investing heavily in Bitcoin. The company currently holds over 252,000 BTC, valued at approximately $15 billion, making it the largest corporate holder of Bitcoin globally  .

    Saylor envisions that as Bitcoin’s value continues to rise, potentially reaching millions of dollars per coin, MicroStrategy could leverage its Bitcoin holdings to dominate the capital markets. He suggests that the firm might issue various financial instruments, such as convertible debt, preferred stock, and other structured debt instruments, with a target to amass between $100 billion and $150 billion in Bitcoin over time  .

    MicroStrategy’s Bitcoin-centric business model is designed to function like a bank focused on Bitcoin-based financial products. Unlike traditional banks, however, it would not lend out Bitcoin. Instead, it would focus on maximizing returns from Bitcoin’s expected growth, predicting annual returns around 29% through capital markets arbitrage. This unique approach, according to Saylor, positions MicroStrategy as a pioneering player in the emerging Bitcoin economy  .