MicroStrategy's CEO claims it will reach a value of $10 million
"Creating a company that lasts more than 10 years is significant. How many companies have been around for more than 100 years? We are talking about making companies live forever. Perfect money is economic immortality; imperfect money is not," he said in a podcast with Robin Seyr.
«Crear una empresa que dure más de 10 años es significativo. ¿Cuántas empresas existen desde hace más de 100 años? Estamos hablando de hacer que las empresas vivan para siempre. El dinero perfecto es la inmortalidad económica; el dinero imperfecto, no«, ha asegurado en un podcast de Robin Seyr.
Saylor also claimed that, in time, bitcoin "could enable global payments for 8 billion people at the speed of light, directly from a mobile phone, with no middleman".
Similarly, MicroStrategy's CEO has highlighted the potential adoption of bitcoin in China. According to Saylor, if the Asian giant were to fully embrace cryptocurrencies and start offering custody services and products such as spot BTC exchange-traded funds (ETFs), prices of the reigning cryptocurrency would skyrocket to break the $10 million mark.
It should be noted that there are spot BTC ETFs available in Hong Kong, but not in mainland China. In fact, the Chinese authorities are monitoring investments in these investment products, as they fear that they may be used to circumvent total ban on cryptocurrency trading imposed in 2021.
But Saylor did not stop there. In this interview, the CEO of MicroStrategy went so far as to claim that all the research and economic theory before the appearance of Satoshi Nakamoto (pseudonym of the person or group of people who created the Bitcoin blockchain) has become completely obsolete.
Economics is pseudo-science before Satoshi. It is a quasi-religious liberal art and is full of opinions, prejudices and biases. All economists before Satoshi were trying to solve the laws of economics with seashells and glass beads and pieces of paper and credit instruments," he said emphatically.
Saylor's words are not surprising given MicroStrategy's large investment in bitcoin. The company is the largest institutional holder of the cryptocurrency and recently bought 11,931 tokens. According to some analysts, MicroStrategy's position is valued at around $15 billion at market prices. In addition, the company has issued debt in the last week to continue acquiring BTC.
Also in recent days, Bernstein initiated coverage of the stock with a 'buy' advice and a price target of $2,890, almost double its current share price. The reason? The firm sees bitcoin at $200,000 by the end of next year and above $1 million in the 2030s. "It has become synonymous with the bitcoin brand and has positioned MicroStrategy as a leading bitcoin company, attracting capital at scale (both debt and equity) for an active bitcoin acquisition strategy," they note.
This is not the first investment firm to be very positive about the technology company led by Saylor. Previously, Benchmark was very positive about the company's strategy due to the potential of bitcoin in the weeks leading up to the halving, which will ultimately boost the shares of the listed company. According to Palmer, this investment thesis is supported by the forecast that bitcoin will reach $150,000 by the end of 2025.
Read the full article in bolsamania.com https://www.bolsamania.com/noticias/criptodivisas/saylor-microstrategy-bitcoin-camino-inmortalidad-economica–16981312.html