Michael Saylor, the chairman of the board of Strategy, which holds the most Bitcoin by a wide margin, joined the broadcast of CNBC from the US media. The successful executive stated that the largest cryptocurrency can easily overcome the challenges it is currently facing and expressed his expectation for the continuation of the corporate purchasing trend.
Saylor, who stated that he believes the bullish period for Bitcoin has not ended, expressed that he expects a resurgence in the upward movement towards the end of the year:
“The main story in Bitcoin right now is institutional purchases. More than 180 companies are currently buying much more than what miners are producing, but I believe that with the end of macroeconomic challenges, Bitcoin will start to rise again towards the end of the year.”
“There are two types of reserve companies”
Saylor, who also referred to the recently emerged crypto treasury companies, stated that companies that see Bitcoin as digital gold are the “real” treasury firms.
“There are two types of companies regarding reserves. Those that buy back shares and hold their cash in low-interest assets. They choose Bitcoin as a reserve asset to strengthen their capital structure. Those who see Bitcoin as digital gold and build digital credit and financial instruments on it are the real reserve and treasury companies. If gold has been the basis of the global credit system for the last 300 years, I believe Bitcoin will be the foundation of digital capital and credit for the next 300 years.”
“Bitcoin is one step ahead of gold…”
In recent times, when asked about the rise in gold, Saylor stated that he sees it as people fleeing to a long-term safe haven, but he believes Bitcoin is a step ahead.
“The current rise behind gold is entirely due to the traditional investor crowd transitioning to a long-term store of value. People prefer gold because there is no counterparty risk associated with it. Gold meets this need, but Bitcoin meets it better. Bitcoin is the technological version of gold. Although they reflect the same idea, Bitcoin is a step ahead…”
Published: September 24, 2025 09:55 Last Updated: September 24, 2025 10:01
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