Michael Saylor: Bear Market hasn’t returned, Bitcoin is $1 million

Today, the executive chairman and CEO of Strategy Michael Saylor commented in a recent interview with Bloomberg about the company’s aggressive Bitcoin-based strategy, highlighting that Bitcoin will not reach zero, bringing it to $1 million.

“I think we’re in a digital gold rush. We’ve got 10 years to get all of our Bitcoin before we don’t have any left,” Saylor said. “Competition is a noble competition.”

Saylor also said Bitcoin will no longer have a bear market, with the price being $1 million per coin.

“The winter hasn’t returned,” commented Sayar. “We’re past that stage. If Bitcoin doesn’t go to zero, it’s $1 million. The US President will be decided. He supports Bitcoin, he supports Bitcoin, and Scott Bescent will support Bitcoin.

He also pointed out that international companies are rapidly entering the space.

“Metaplanet is currently the hottest company in Japan. They have market capitalizations ranging from $10 million to $5 billion. They draw liquidity from the Japanese market.

Strategic approaches are far from tradition. The company is not just buying and holding Bitcoin. It builds financial products around it.

“We have a very specific business model,” he said. “It’s about issuing Bitcoin-supported credit products, such as Bitcoin-supported bonds, particularly Bitcoin-supported preferred stocks. We are the only company in the world that has been able to issue Bitcoin-supported preferred stocks.

Rather than viewing Bitcoin Treasury Holdings or ETFs as competitors, Saylor explained that their strategy is targeting different segments of the market entirely.

“We are not competing with Bitcoin financing companies. We are competing with ETFs like PFF, which have portafolios of preferred stocks and corporate bond portfolios traded as public market ETFs.

He emphasized that the Bitcoin balance sheet of strategy gives a unique advantage and gives the company the ability to design unique financial products.

“Our advantage is that we are 100% Bitcoin. It is impossible to issue Bitcoin Assistance Convertible priorities and fixed priority for Bitcoin support, unless we are willing to make 100% of Bitcoin on our balance sheet.”

“I’m not too worried about the competition with JPMorgan or Berkshire Hathaway,” concluded Saylor. “We want them to enter the Bitcoin space and buy a bunch of Bitcoin. When they do that, they’ll pay $1,000,000 for Bitcoin.