Saylor Sees 30% Annual Gains for Bitcoin Over Next Two Decades
Michael Saylor, CEO of MicroStrategy and a long-time Bitcoin advocate, shared his outlook on the cryptocurrency's future. Speaking on the 'The Diary Of A CEO' podcast on August 6, Saylor emphasized that Strategy turned to AI after reaching the practical limits of traditional equity and convertible bond financing for additional Bitcoin purchases.
He pointed out that AI helped Strategy navigate financial, legal, and structural challenges that bankers and lawyers initially viewed skeptically. Ultimately, the company issued roughly $15 billion in credit instruments using the assistance of AI.
Saylor's broader message to entrepreneurs is 'don't try to outwork the robots.'
Strategy recently sold a portion of its Bitcoin holdings, but this move was not meant to diminish Saylor's long-term confidence in the cryptocurrency. He highlighted that some investors had begun treating Strategy's massive Bitcoin position as effectively unusable because liquidating it was perceived as impossible.
The company sold enough Bitcoin to demonstrate that BTC could fund its preferred-stock dividend obligations without materially disrupting the market.