Michael Saylor, the executive chairman of MicroStrategy, stated that the U.S. has a unique opportunity to buy up to 20-25% of the total supply of Bitcoins today. In his interview with CNBC, he emphasized the importance of timely action for investors and acknowledged Bitcoin as one of the most promising assets that could significantly appreciate in value in the coming years.
Bitcoin as the Manhattan of Real Estate
According to Saylor, Bitcoin is just as profitable an investment as real estate in the economic capital of the world—Manhattan. He noted that although investors in Manhattan pay much more than those who invested in the market decades ago, such investments remain profitable because it is «the economic capital of the free world.» Similarly, Bitcoin, as a digital asset, holds immense growth potential in the future, especially considering current global economic trends and the growing interest in cryptocurrencies.
Bitcoin Growth Forecast
Saylor predicts that Bitcoin will grow at an average annual rate of 29%, and by 2045, its value could reach $13 million per Bitcoin. This ambitious forecast highlights his confidence in the long-term potential of cryptocurrency as a financial tool.
The U.S. Could Become a Leading Player in the Cryptocurrency Market
One of the key topics raised by Saylor was the possibility of the U.S. purchasing a significant portion of Bitcoins—up to 25% of the total supply. He noted that this could be a logical move for authorities, not only to strengthen their economy but also to set the framework for digital assets in the global market.
«The world wants a structure for digital assets, and the U.S. has the opportunity to create it. We need to introduce the concept of digital goods, cryptocurrencies, tokens, NFTs, and stablecoins. It’s important to define the rights and responsibilities of issuers, crypto exchanges, and investors,» said Saylor.
Bitcoin’s Classification as a Digital Commodity
Saylor also explained that at MicroStrategy, classifying Bitcoin as a digital commodity significantly reduced the risks associated with the company’s business strategy. Recognizing Bitcoin as a commodity asset makes it more attractive to large investors and helps avoid legal complexities that could arise from using cryptocurrency in business.