Michael Saylor Predicts Bitcoin Surge as Microstrategy Expands Investments

Michael Saylor, Executive Chairman of Microstrategy (Nasdaq: MSTR), shared his bullish outlook on bitcoin and the cryptocurrency industry in a recent CNBC interview. Highlighting a combination of political shifts and growing Wall Street involvement, Saylor expressed optimism about BTC’s trajectory.

“We’re also getting a lot of very constructive support from Wall Street,” Saylor said. He specifically mentioned Blackrock’s endorsement, stating: “Blackrock has been a very, very strong voice articulating the bitcoin value proposition.”

Microstrategy’s recent announcement to raise $42 billion to acquire bitcoin underscores this confidence. “That’s the same as saying we’re going to buy every bitcoin mined for the next three years at $85,000 or more bitcoin,” Saylor explained.

Regulatory Leadership and Bitcoin’s Potential

Saylor emphasized the U.S. Securities and Exchange Commission’s (SEC) role in shaping the cryptocurrency industry. He predicted that a pro-bitcoin SEC chair could introduce a robust digital assets framework, marking the end of regulatory conflicts.

On bitcoin’s price, Saylor dismissed any potential drop below $30,000 and envisioned BTC surpassing $100,000 soon. “I’m planning the $100K party and I’m thinking it’s probably going to be New Year’s Eve at my house,” he said confidently.

Saylor also voiced strong support for Senator Cynthia Lummis’ proposal for a U.S. strategic bitcoin reserve. “I think it’s a great idea. I think it will happen. And I think it’s important to the United States,” he remarked. According to Saylor, the reserve could offset $16 trillion in national debt, making it both an economic and strategic advantage.

Discussing Microstrategy’s rapid accumulation of bitcoin, Saylor revealed investor enthusiasm for the company’s strategy. “All of our investors tell me, they want me to buy more bitcoin,” he stated.

Saylor concluded by saying, “We did raise $2 billion to buy 27,200 bitcoin just in the first 10 days of November. So we’re moving fairly aggressively on it. I think our exact rate will be a function of the capital markets but right now they’ve been very enthusiastic. So, our plan is three years, but it’s possible we’ll do it much before then,”