MicroStrategy’s CEO, Michael Saylor, recently appeared on CNBC to discuss the potential of Bitcoin (BTC) in addressing the growing debt crisis in the United States.
During the interview, Saylor drew a parallel between Bitcoin and early investments in Manhattan, highlighting its potential as a long-term asset and a strategic reserve for the country. Saylor has been a vocal advocate for Bitcoin as a critical asset for the U.S., suggesting that the government should either sell a portion of its gold reserves or borrow modestly to invest 20-25% of its holdings in Bitcoin. He argued that such a move would attract significant capital flows to the U.S. and enhance the global value of Bitcoin.
To support his argument, Saylor compared buying Bitcoin today to purchasing real estate in Manhattan centuries ago, noting that investing in Manhattan has been a profitable decision for over 300 years, despite each generation paying more than the last. He believes that Bitcoin offers a similar opportunity to become the digital capital of the free world. Saylor projected that Bitcoin could grow 100 times from its current levels and emphasized the urgency for the U.S. to act before prices climb further.
Over the past four years, MicroStrategy has aggressively pursued a Bitcoin acquisition strategy and has amassed 439,000 BTC, valued at approximately $46 billion. Just this week, the company added another 15,350 BTC to its holdings. Saylor confirmed that MicroStrategy plans to continue accumulating Bitcoin with no defined cap on its reserves.
During the interview, Saylor also shared an optimistic forecast for Bitcoin’s future, predicting a consistent annual growth rate of 29%. Based on this projection, he believes that the value of BTC could reach $13 million by 2045. Saylor expects that increased adoption of Bitcoin ETFs and favorable regulatory developments will contribute to this accelerated growth.