MicroStrategy founder Michael Saylor expressed his views on Bitcoin in a recent interview, highlighting its potential as a tool for financial freedom and economic change.
Bitcoin's Influence on the Financial Market
On Fox Business's ‘Making Money,’ Saylor noted that Bitcoin is still not fully understood on Wall Street. He made a striking analogy, stating that 'Bitcoin is fed by the fire of truth, becoming smarter, faster and stronger every day.' He also described Bitcoin as 'a virus of freedom', representing a monetary structure based on true values.
MicroStrategy's Position in the Context of Bitcoin
Saylor pointed out the contradiction between MicroStrategy's profitability and its market capitalization. 'We are the ninth most profitable company in the S&P by operating income, but 96th by market cap. This contradiction shows that Bitcoin hasn't been fully resolved,' he stated. Saylor also highlighted that the implementation of new accounting standards could enhance the transparency of Bitcoin representation on company balance sheets.
The Future of Bitcoin in the Global Economy
Saylor emphasized the increasing number of companies incorporating Bitcoin into their balance sheets, viewing this not as a threat, but as a transformation. He compared the current era to the early days of electricity usage, stating, 'We are experiencing a digital capital revolution. Bitcoin is a tool that can double companies' capital every year.' He also predicted the rise of payers capable of transferring money instantly thanks to Bitcoin wallets.
Michael Saylor emphasizes that Bitcoin is not just an investment vehicle but a technology and economic revolution. While Wall Street has yet to fully grasp this shift, Saylor argues that the transformation is inevitable: 'What electricity is today, Bitcoin will be tomorrow.'
