Famous American entrepreneur and bitcoin champion Michael Saylor has not missed any opportunity to express confidence in the crypto and defend it from opposing opinions. In a recent CNBC interview, he claimed that Bitcoin is an economy and the best strategy for strengthening the U.S. economy and solving its debts.
My thoughts on solving the national debt, strengthening the USD, ensuring US economic leadership via a Digital Assets Framework & #Bitcoin Strategic Reserve, $MSTR‘s inclusion in the Nasdaq 100, & value created by our treasury operations with @SaraEisen. pic.twitter.com/3Mcu2ekGe2
— Michael Saylor⚡️ (@saylor) December 16, 2024
Bitcoin to Become Cyber Manhattan
According to Saylor, Bitcoin can be called “Cyber Manhattan.” He noted that New York’s Manhattan became very urban and developed because real estate investors centuries ago did not see a price increase as a hindrance. Instead, they borrowed to purchase and develop the properties.
“Just as developers in Manhattan, they issued more debt to develop more real estate. I would call it an economy,” he said.
Similarly, his company, MicroStrategy, has adopted the same tactic for acquiring Bitcoin by periodically issuing convertible notes to eligible institutional investors to raise more funds for the investment.
Additionally, he stated that his Bitcoin purchases are unlimited. His company will keep buying BTC forever, no matter the price, because he believes every day is a good opportunity to acquire the crypto.
$13 Million BTC in 2045
The bitcoin enthusiast has periodically released predictions on where he expects the crypto to be in coming years. His last forecast noted that BTC will increase by about 29% yearly to attain a high of $13 million per BTC in the coming 21 years.
Remarkably, Saylor is not focused on the short term, as most of his bitcoin predictions are for years or decades ahead. His company adopted bitcoin as a primary reserve asset in 2020 and has continued to purchase the crypto asset every quarter since then, with no indications of a sale anytime soon.
Within the last 28 days, Saylor has led his company to acquire BTC weekly, spending about $10.5 billion on bitcoin shopping within a month. MicroStrategy holds about 439,000 BTC worth over $46 billion.
Meanwhile, MicroStrategy will be added to Nasdaq-100 on December 23, 2024.
