In a recent interview with Fox Business Network, Michael Saylor, Executive Chairman of MicroStrategy, shared his views on the undervaluation of Bitcoin and its potential in corporate finance.
Bitcoin as a New Asset Class
Michael Saylor claims that Wall Street still does not understand the potential of Bitcoin and the cryptocurrency market. He notes that Bitcoin has delivered an average annualized return of more than 50%, significantly surpassing the performance of most traditional investments. "This is not a speculative fad," he insisted. "It’s a new asset class that has consistently outperformed the market."
MicroStrategy's Position in the S&P 500
Under Saylor's leadership, MicroStrategy adopted Bitcoin as its primary treasury reserve asset. The company ranks as the fourth most profitable financial firm in the U.S. and is among the top performers in the S&P 500. However, Saylor points out that MicroStrategy is undervalued by traditional metrics like the price-earnings (P/E) ratio. "The market is still looking at us through the old playbook," he said.
Prospects for Corporate Capital Management
Saylor predicts that more companies will gradually recognize the advantages of adopting Bitcoin as a core treasury asset. He believes that one day it will be commonplace for corporations to hold Bitcoin, just as it is to hold cash reserves. "The Bitcoin standard isn’t just competitive — it’s a leap ahead," he emphasizes.
Saylor continues to firmly advocate for Bitcoin as a key asset for corporations. He urges financial leaders to adapt to new conditions, stressing that Bitcoin offers growth opportunities.
