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The businessman says that they want to unite the capital market and the Bitcoin ecosystem.
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Saylor compares bitcoin’s volatility to the “fire” Henry Ford used to create the engine.
MicroStrategy CEO Michael Saylor downplayed bitcoin’s volatility, explaining that it is part of the natural behavior of the market’s leading Cryptocurrency. “Bitcoin volatility is like fire. And some people run away from the fire. But Henry Ford put fire in a carriage through an engine, created an entire industry and gave wings to humanity,” the executive said in a recent interview.
Henry Ford was an American industrialist and tycoon, known for founding the Ford Motor Company and for pioneering mass production that revolutionized the automotive industry with the Model T. When Michael Saylor mentions the volatility of bitcoin comparing it to fire, he refers to the way Ford took something dangerous and potentially destructive like fire, and used it in an innovative and ingenious way to create an internal combustion engine.
Saylor suggests that bitcoin’s volatility, while it may scare some, can be channeled to drive advances and growth in the financial and technological ecosystemcreating new opportunities and transforming the global economy.
As on other occasions, Saylor dared to make forecasts of the price of bitcoin to emphasize his idea during the interview: “I think it will skyrocket. It will rise to $180,000 and plummet to $140,000. And people will be scared again by that.”
As the businessman sees it, bitcoin It will remain volatile because “it is a 24/7/365 global asset.” “You can panic sell it on Saturday night, you can buy it excitedly on Sunday morning. “That is the future, it is not a mistake,” he said.
Create a bridge
On the other hand, Saylor stressed that MicroStrategy’s objective with its participation in the bitcoin ecosystem is create a bridge between capital markets and the cryptocurrency ecosystemusing BTC as a means to that end.
“Primarily our job is to bridge traditional capital markets that want bonds or fixed income, or equities, or options. And we connect that to the economics of cryptocurrencies and we use bitcoin as a vehicle to do it,” he said.
During the interview with CNBC, Saylor recalled that MicroStrategy is a company that has a bitcoin treasury.
“So we are securitizing bitcoin, we are providing high-yield equity. We also offer convertible bonds, and we have offered other types of bonds in the past,” he explained.
MicroStrategy has stood out for its aggressive bitcoin purchase strategy, which it has carried out since August 2020, accumulating more than 400,000 BTCequivalent to 2% of the total supply of 21 million coins. This strategy has left him considerable profits, of more than 60% only during 2024according to the company’s own calculations.
MicroStrategy’s example has been followed by other companies in various sectors and countries. These include Metaplanet, Genius Group and more recently, Microsoft, which is evaluating opening a strategic reserve of BTC. MicroStrategy made a presentation to explain to the CEO of Microsoft and other directors why they should adopt bitcoin, as reported by CriptoNoticias.
MicroStrategy’s influence on the bitcoin market is not only measured by its investments, but also by its ability to inspire other corporations to explore and adopt the digital currency as part of their financial strategies.
The company, founded in November 1989, has marked records in their actions on the stock market due to its multi-million dollar investment in bitcoin, positioning itself as one of the most significant “whales” in the BTC market.
This article was created using artificial intelligence and edited by a human Editor.
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