PANews reported on February 17 that according to Wu Shuo, Michael Saylor, founder of Strategy (formerly MicroStrategy), said in an interview with the media: "We will continue to develop Bitcoin and regard it as a "digital Manhattan" - a digital asset. We will continue to acquire Bitcoin and then use it as collateral to start other businesses. As the price of Bitcoin rises, we will continue to do similar things and see new opportunities."
In addition, Michael Saylor disagreed with the view that "MicroStrategy may face risks if the average purchase price of Bitcoin exceeds $150,000", because most of the company's Bitcoin was acquired through equity, and the Bitcoin it owns as collateral is 15 times its debt. Moreover, its debt is non-recourse and has a term of more than four years, which means that even if Bitcoin plummets 98%, the company will not face liquidation risks, and the company has permanent capital.
Michael Saylor said that he does not pay attention to the Bitcoin price cycle, and believes that Bitcoin will rise by an average of 29% per year in the next 21 years; according to this benchmark, the price of each Bitcoin will reach 13 million US dollars by 2045. He also said that MicroStrategy will not lend or pledge Bitcoin to earn interest in the future, and expects that we will develop from only a few companies adopting the Bitcoin standard at the beginning to dozens, hundreds, and eventually thousands of companies will join.
Regarding whether to develop a second-layer Bitcoin network, Michael Saylor said that his company will first observe market developments and believes that MicroStrategy can be considered to be already operating on the third layer of Bitcoin. He said: "In the future, second-layer solutions like Lightning may be successful, but I think the real $100 billion opportunity is on the third layer." Regarding his views on other cryptocurrencies, Michael Saylor said: "Why hold the second best thing? You only need the best one, and Bitcoin is the best."
Regarding how much cryptocurrency he personally holds, Michael Saylor said: "I don't hold any other cryptocurrency. About four years ago, I publicly disclosed that I held 17,732 bitcoins, and the purchase price at that time was slightly less than $10,000 per bitcoin. Since then, I have bought some more, but I have never sold them. Therefore, I now hold more bitcoins than I did then, but I have not disclosed publicly how much I have increased."
