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Michael Saylor: MicroStrategy aims to become the leading Bitcoin bank

Michael Saylor: MicroStrategy aims to become the leading Bitcoin bank

CointimeCointime2024/10/11 11:15
By:Cointime

In a recent interview with research and brokerage firm Bernstein analysts, MicroStrategy founder and executive chairman Michael Saylor stated that the company's ultimate goal is to become a leading Bitcoin bank. Saylor believes that Bitcoin is a revolutionary form of digital capital that can effectively hedge against inflation and become an excellent tool for long-term value storage. Saylor believes that Bitcoin's volatility attracts investors seeking high returns, and over time, it will become an indispensable asset in institutional and retail investment portfolios. Saylor sees MicroStrategy as a Bitcoin bank whose core business is to create Bitcoin capital market tools that cover stocks, convertible bonds, fixed income, and preferred stocks. MicroStrategy will not lend out funds like traditional banks, but will seek to borrow funds at low interest rates, offer slightly higher rates to lenders, and invest these funds in Bitcoin - with a "base case" estimated average annual return of 29%.

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