📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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Michael Saylor: will continue to acquisitionBTC, will not face risks due to price Fluctuation, the opportunity of hundreds of billions of dollars lies in Layer3
PANews reported on February 17th that according to Wu, Strategy (formerly known as MicroStrategy) founder Michael Saylor said in an interview with the media: "We will continue to develop BTC, viewing it as a 'digital Manhattan'—digital asset. We will continue to acquisition BTC and then use it as Collateral to launch other businesses. As the price of BTC pumps, we will continue to do similar things and also see new opportunities. In addition, Michael Saylor disagrees with the view that 'if MicroStrategy's average purchase price of BTC exceeds $150,000, there may be risks,' because most of the company's BTC was acquired through equity acquisition, and the BTC it owns as Collateral is 15 times the debt. Moreover, the debt is non-recourse, with a term of over four years, meaning that even if BTC were to plummet by 98%, the company would not face liquidation risk, as it possesses permanent capital. Michael Saylor said he is not concerned about the BTC price cycle and believes that BTC will pump 29% on average each year over the next 21 years; based on this benchmark, by 2045, the price of each BTC will reach $13 million. He also stated that MicroStrategy will not lend or pledge BTC to earn interest in the future, and he expects that we will progress from initially only a few companies adopting the BTC standard to dozens, hundreds, and ultimately thousands of companies joining. Regarding the development of the BTC second layer network, Michael Saylor stated that his company will first observe market developments and believes that MicroStrategy can be considered to already be operating on the third layer of BTC. He said, 'In the future, second layer solutions like Lightning may succeed, but I think the real opportunity in the hundred billion dollar range is on the third layer.' As for his views on other cryptocurrencies, Michael Saylor said, 'Why hold the second best? You only need the best, and BTC is the best.' Regarding how much cryptocurrency he personally holds, Michael Saylor said: 'I do not hold any other cryptocurrencies. About four years ago, I publicly disclosed that I held 17,732 BTC, with the buying price slightly below $10,000 per coin at that time. Since then, I have bought some more, but I have never sold any. Therefore, I now hold more BTC than before, but I have not publicly disclosed the exact increase.'