Today, the executive and CEO of Strategy Michael Saylor commented on the company’s aggressive strategy of Bitcoin in a recent interview with Bloomberg, stressing that Bitcoin will not go to zero, it will go to $ 1 million.
“I think we are in a digital gold race and you are ten years old to acquire all your bitcoin before there is no more bitcoin for you,” said Saylor. “Competition is a virtuous competition.”
Saylor also said Bitcoin will no longer have the bear markets and the price goes to $ 1 million per coin.
“Winter is not returning,” said Sayor. “We have passed in that phase. If Bitcoin does not go to zero, it will go to $ 1 million. The President of the United States is determined. He supports Bitcoin, the cabinet supports Bitcoin, Scott Beesent claims Bitcoin, Paul Atkins has proven to be a Bitcoin and Bitcoin believer has obtained his most risky period.”
He also stressed that international companies are rapidly entering space.
“Metaplanet is the hottest company in Japan at the moment, from $ 10 million to a market capitalization of $ 1 billion to a market capitalization of $ 5 billion have passed. They will have billions of dollars. They will liquidity from the Japanese market. So they will collect capitals in Tokyo and to the Tokyo stock exchange … it is not competitive. It is cooperative.”
The strategy approach is far from traditional. The company is not just purchasing and holding Bitcoin; He is building financial instruments around it, that Saylor believes that he distinguishes them.
“Our company has a very particular business model,” he said. “It is to issue credit tools supported by Bitcoin as bonds supported by Bitcoin and in particular favorite titles supported by Bitcoin. We are the only company in the world that has ever been able to issue a favorite title supported by Bitcoin. We have made three in the last five months.”
Instead of visualizing treasure participations or Bitcoin Etfs such as competitors, Saylor explained that the strategy is completely targeted a different segment of the market.
“We are not competing against the Bitcoin Treasury companies. We are in competition against ETFs such as PFF which have portfolios of favorite qualifications or wallets of corporate bonds that are exchanged as ETF in the public market, and the way we compete in such brands”.
He underlined that the strategy Bitcoin budget gives him a unique advantage, giving the company the opportunity to design unique financial products.
“Our advantage is that we are 100% bitcoin … it is impossible to issue a convertible convertible with pre -established Bitcoin and supported by fixed bitcoin unless you are willing to make 100% of your budget budget.”
“I’m not really worried about JPMorgan’s competition or Berkshire Hathaway,” concluded Saylor. “I would like them to enter the Bitcoin space, buy a pile of bitcoin. When they do, they will pay $ 1,000,000 a bitcoin. The price will go to the moon.”