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Michael Saylor Reveals Plans to Start a Bitcoin Bank

by Sham
October 12, 2024
in Business, Crypto, DeFi, Opinion
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Michael Saylor Reveals Plans to Start a Bitcoin Bank
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• Michael Saylor plans to turn MicroStrategy into the leading “Bitcoin bank” or merchant bank focused on Bitcoin
• Saylor believes the price of one Bitcoin will reach $13 million by 2045 when Bitcoin makes up 7% of the world’s total financial capital
• MicroStrategy’s strategy involves issuing debt to buy Bitcoin, based on the belief in Bitcoin’s long-term value appreciation amid fiat currency inflation

MicroStrategy founder Michael Saylor is making a bold bet on Bitcoin’s continued growth and mainstream adoption. He believes Bitcoin will become a top global financial asset and MicroStrategy can leverage its massive holdings to become a leading crypto financial services company.

Michael Saylor revealed MicroStrategy's $MSTR ultimate goal 👀

To become a "Bitcoin bank"

Leveraging Bitcoin $BTC for capital markets arbitrage instead of traditional lending

Projecting Bitcoin represents 7% of the world's financial capital by 2045 pic.twitter.com/ZLufGPuDOk

— BlockNews.com (@blocknewsdotcom) October 11, 2024

Saylor Predicts Bitcoin Price Will Reach $13 Million

Saylor is highly optimistic about Bitcoin’s long-term appreciation. He projects the price could hit $13 million per coin by 2045. This would represent massive growth from today’s price of around $62,000.

Saylor’s lofty prediction is based on Bitcoin capturing 7% of the world’s total financial capital, up from just 0.1% today. As more institutional investors embrace crypto, he expects Bitcoin’s share of global capital to steadily rise.

MicroStrategy Aims to Become Leading Bitcoin Bank

With its stash of over $16 billion in Bitcoin, MicroStrategy is positioning itself at the forefront of crypto financial services.

Saylor suggested MicroStrategy could function as a “Bitcoin bank” without actually lending out Bitcoin. Instead, it could borrow fiat currency at low interest rates, use it to buy more Bitcoin, and lend Bitcoin for higher returns.

MicroStrategy would rely on Bitcoin’s anticipated price growth rather than lending risk. Saylor sees this capital markets arbitrage as smarter than traditional banking.

Saylor Says Bitcoin Adoption Reaching “Digital Gold Rush”

According to Saylor, Bitcoin is achieving mainstream legitimacy with regulators and financial giants embracing crypto. He believes we are entering a “digital gold rush” as Bitcoin becomes an accepted asset class.

Saylor pointed to the launch of Bitcoin ETFs and political acceptance as major adoption milestones. He warns investors have a closing window to buy Bitcoin before supply runs out.

With increasing legitimacy, Saylor expects a flood of institutional capital into Bitcoin over the next decade. He advises getting in early before broader FOMO takes hold.

Tags: Bitcoinbitcoin etfscryptoMichael SaylorMicrostrategy
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