The Vision of Bitcoin in 2045
In 2045, digital assets will operate at unparalleled speeds, with AI agents conducting millions of transactions per second using bitcoin as a fundamental currency. Bitcoin is projected to evolve into a $200 trillion asset class, serving as a crucial settlement layer in what Saylor terms the AI Age of the Internet.
Michael Saylor’s Bitcoin Crusade
Michael Saylor, the executive chairman of Strategy (MSTR), is a significant proponent of bitcoin. He transformed a struggling software company into an $85 billion-valued leveraged bitcoin entity on Nasdaq by integrating bitcoin into corporate treasury. Recently, CoinDesk engaged Saylor, who is considered Bitcoin’s most ardent supporter, in a two-hour dialogue regarding his aspirations for global bitcoin supremacy.
Market Trends and Regulatory Shifts
Since Donald Trump’s election, bitcoin has experienced a 26% increase, reaching a market capitalization of $2.1 trillion, with an all-time high of $109,000 in January. Despite experiencing a 30% decline from November peaks amid dropping U.S. equity and treasury yield, Strategy remains robust, maintaining about a 50% gain.
The U.S. Position on Bitcoin
The U.S. has shifted its stance on cryptocurrency regulation from strict enforcement against digital asset firms to aiming to position itself as a bitcoin superpower and the world’s crypto capital. Saylor views this transformation positively, noting that it opens avenues for governments and traditional investors, formerly wary of digital assets, to now explore them.
Establishing the U.S. Bitcoin Strategic Reserve
Under Trump, an executive order was issued to create a U.S. Bitcoin Strategic Reserve, marking a turning point for bitcoin’s future. After selling off half of its 400,000 bitcoin holdings, the order mandates that the Treasury never sell the U.S. bitcoin and find budget-neutral methods to increase its holdings. Saylor suggested that the U.S. could aim to purchase 5%-25% of bitcoin’s total supply by 2035, potentially generating $100 trillion in economic benefits by 2045.
Saylor’s Business Approach and Growth Strategy
Saylor’s company, which has shifted from MicroStrategy to “Strategy,” has become a sought-after stock for institutional investors wanting volatility exposure in bitcoin. Recently, it announced an increase in bitcoin holdings over 500,000 tokens and was admitted to the Nasdaq 100. To boost momentum, Strategy is focused on raising capital through various financial instruments and leveraging “intelligent leverage” to perpetuate a cycle of demand and value increase for its securities.
Long-term Commitment to Bitcoin
Ultimately, Saylor maintains a firm stance that neither he nor Strategy will ever sell its bitcoin holdings, dedicated to ensuring bitcoin’s price continues its upward trajectory. He foresees a legacy of “economic immortality,” contemplating the potential of destroying bitcoin assets rather than relinquishing them, enhancing wealth across the bitcoin network.
