There’s no reason not to hold Bitcoin for 100 years, says Michael Saylor

Michael Saylor, CEO of enterprise intelligence agency Microstrategy, has steadfastly defended the corporate’s long-term, bullish view of Bitcoin (BTC) due to its distinctive potential to evolve right into a “future future.”

In an interview with Bloomberg TV, Saylor argued that Microstrategy’s large wager on Bitcoin, which it turned to the bond market, is the “lowest risk, highest uptrend” technique the corporate has ever seen.

“Some people think diversification means buying other cryptocurrencies or other types of stocks,” he mentioned. “We think that by holding Bitcoin we will diversify. Because we have Bitcoin on the balance sheets of cities, states, governments, companies, [and] great investors. Ultimately, Bitcoin will be at the heart of technological innovation at Apple, Amazon and Facebook, so we want to hold Bitcoin. “

When asked by an interviewer how to balance the interests of large, centralized giants like Twitter and Facebook with a decentralized network, Saylor argued that Bitcoin holds the key to solving their endemic cybersecurity and spam problems. Integration with Bitcoin – and especially the Lightning Network, which supports micropayments – can solve these problems by integrating an ecosystem that guarantees credibility and trust:

“If you want to improve the user experience [on these tech platforms], then you need a skin for the game. And Bitcoin offers a nominal skin for all actors who interact in the network environment. Dorsey understands that. The killer app is cybersecurity integrated into an international network of trust. “

Saylor’s prediction of Bitcoin’s long-term potential seems balanced between this ability to support new features on the web and becoming a future asset.

Related: MicroStrategy Commits to Buy More BTC in Q2 despite losing paper by owning $ 424.8 million

The reason Microstrategy has made long-term capital gains on Bitcoin – for which it borrowed a controversial $ 2.2 billion at around 1.5% compound interest – is because the company predicts that Bitcoin will be the open product of the financial network of “Billion Users” used. Although the company currently offers a ten-year position, Saylor’s comments suggest that his position is literally long:

“People joke that Bitcoin isn’t really a trading strategy, it’s an exit strategy. What we want to keep is some form of non-sovereign store of value forever […] I did a poll: the average Twitter user thinks it will take 3500 years. Nobody is in a hurry with Bitcoin. We think this is the future of real estate. “

For now, the coin is still meeting retailers’ needs, commented Saylor, noting that cryptocurrencies generally offer users of apps like Robinhood the unique opportunity to trade 24/24, 7 365 days a year. In his view, Robinhood’s efforts and increased support for the new asset class are “fully justified”. Among the digital assets, however, as the “risky king of all cryptocurrencies” for Saylor, Bitcoin continues to be “where all the traffic and all the excitement comes from”.

According to the outcomes of a current research by Crypto.com, the variety of crypto customers worldwide has greater than doubled from 100 million in January to 221 million in June. While Bitcoin has retained its massive share of customers, smaller altcoins have slowly captured each the veteran market share of cash and the second hottest cryptocurrency on the market, Ether (ETH).