Michael Saylor: Bitcoin Provides Economic Immortality, $10 Million Coming by 2030

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As a crypto investor with a few years of experience under my belt, I find Michael Saylor’s views on Bitcoin and its potential to provide corporate immortality intriguing. His perspective on economics before and after Satoshi is thought-provoking, and it’s clear that he believes in the long-term potential of Bitcoin as a store of value.

Amidst the uncertainty and selling pressure surrounding Bitcoin, Michael Saylor, executive chairman of MicroStrategy, shared his bold perspective in a recent podcast interview. He declared that Bitcoin has achieved “economic eternity” and predicted that the BTC price will surge to an astounding $10 million by 2030.

“Bitcoin’s price is predicted to reach an astounding $10 million per coin.” He also described Bitcoin as the epitome of money, implying that it offers eternal economic existence, contrasting imperfect money which is fleeting and limited.

As a researcher studying the evolving landscape of finance and economics, one intriguing idea put forth by Michael Saylor in his recent interview was the potential role of Bitcoin (BTC) as a “corporate immortality machine” for society’s future monetary needs. Pondering this concept, I couldn’t help but be captivated by Saylor’s question: “Imagine if I told you that I could make your company last forever?”

Before the advent of Bitcoin by Satoshi Nakamoto, economics was more akin to a philosophical or artistic discipline than an exact science. It was deeply influenced by individual perspectives, biases, and prejudices. Economists prior to Satoshi primarily relied on seashells, glass beads, paper, and credit instruments to attempt deciphering economic principles.

Bitcoin Provides Corporate Immortality

Michael Saylor’s perspective primarily centered on the belief that businesses that adopt Bitcoin as part of their investment strategy are more likely to endure over time compared to those who choose to ignore it. During the interview, he expressed this viewpoint by stating:

“On average, a corporation exists for approximately ten years. Our goal isn’t just about prolonging a company’s existence but significantly extending its economic longevity. We’re looking at potential increases of tenfold, perhaps even one hundredfold or even one thousandfold.”

As a researcher examining Saylor’s perspective, I can recast his views as follows: I find it intriguing that Saylor is so certain about China’s eventual acceptance of Bitcoin. He holds a strong belief that the Chinese population and government will ultimately embrace this digital currency. Furthermore, he has made an audacious prediction for Bitcoin’s future value, stating that at some point in time, one Bitcoin could be worth a staggering $10 million.

Last week, Michael Saylor’s company, Microstrategy, bought an additional 11,900 Bitcoins for approximately $800 million using convertible notes. The price of Bitcoin has dropped by around 5% since then. Currently, MicroStrategy’s average purchase price for the 226,331 Bitcoins they have acquired over the last four years is $36,798.

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2024-06-24 10:36