MicroStrategy CEO Michael Saylor stated that the company will “continue to buy at the highs forever.” He compared Bitcoin investments to purchasing land in Manhattan, where real estate prices have been rising for 300 years.
“We see this as the ‘digital Manhattan.’ I would have bought Manhattan 100 years ago, 200 years ago, or every year for the past 300,” he said. “You’ll get less than those who bought before you, but it’s always a good investment in the economic capital of the free world.”
Saylor reiterated his belief in creating a national Bitcoin reserve in the U.S.
He highlighted that Senator Cynthia Lummis’ proposal to acquire 1 million BTC could bring the government $16 trillion, while Robert F. Kennedy Jr.’s initiative targeting 4 million BTC suggests potential earnings of $56 trillion. Saylor noted both scenarios would yield significant benefits for the country.
“[Donald] Trump has the opportunity to go even further, achieving up to $81 trillion in profits,” he added.
Saylor contrasted this figure with the $36 trillion U.S. national debt, emphasizing that foreign funds and “legacy 20th-century capital” will flow into Bitcoin.
“For the U.S., it makes sense to buy Bitcoin now and own the future,” he concluded.
He believes the U.S. has the chance to define the regulatory infrastructure for digital assets, for which there is global demand.
“We need definitions for digital commodities, currencies, securities, tokens, NFTs, and asset-backed tokens. We need to establish rights and responsibilities for issuers, exchanges, and owners,” Saylor explained. “But this requires consensus between the executive branch, the House, the Senate, and the industry — something we haven’t had for the past four years.”
With a new U.S. administration, he envisions the tokenization of $500 trillion in assets over 21 years, with $280 trillion flowing into the Bitcoin ecosystem during this period.
Saylor also reiterated his long-term Bitcoin forecast. He projects that with a 29% annual growth rate, Bitcoin will reach $13 million per coin by 2045.
Responding to criticisms and accusations of running a Ponzi scheme, Saylor emphasized that issuing securities and selling debt is a normal process.
“Every time real estate appreciates, Manhattan developers take on more debt to build new properties,” he said. “This has been going on for 350 years. I call it the economy.”
MicroStrategy Will Go Bankrupt Only If an Asteroid Hits Earth
According to CryptoQuant CEO Ki Young Ju, MicroStrategy’s balance sheet could only be threatened by Earth colliding with an asteroid.
MicroStrategy only goes bankrupt if an asteroid hits Earth.
— Ki Young Ju (@ki_young_ju) December 17, 2024
For 15 years, #Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K.$MSTR debt is $7B and its $BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K. pic.twitter.com/cTwwTGYif4
“The company’s debt is $7 billion, while its Bitcoin holdings are worth $46 billion. Based on this alone, the liquidation price is $16,500,” the expert noted.
Over the past 15 years, Bitcoin has never fallen below the base purchasing price for whales investing with a long-term perspective. As of December 17, that figure stands at $30,000.
At the time of writing, Bitcoin is trading at $106,500, with a market capitalization of $2.11 trillion.
Notably, on December 23, MicroStrategy shares will be added to the Nasdaq-100 index.