Michael Saylor, the chief executive of the world’s largest publicly traded business intelligence firm MicroStrategy, is revealing how Bitcoin could meteorically rise by 100x from its current valuation.
On a fireside chat with Binance founder Changpeng Zhao, the MicroStrategy head says BTC needs to transform its old narrative of being a volatile, speculative asset suitable for investing 1% or 2% of one’s capital into being the ultimate safe-haven and store-of-value asset.
“The speculative narrative was predominant before March, but that’s not going to appeal to 99% of the investors or the money in the world. They want something different. They want, ‘Bitcoin is the ultimate synthetic, long-term treasury reserve asset. It’s an engineered safe-haven asset engineered to be superior to gold in all aspects of bearer instruments that’s a store of value.’
And if I go from one to the other, then I’m not talking about getting 1% of the money from 1% of the investors. I’m talking about getting 50% of the money from 100% of the investors.”
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