Michael Saylor: Will continue to acquire Bitcoin, and will not face risks due to price fluctuations. The opportunity for a hundred billion US dollars lies in Layer3

PANews February 17th news, according to Wu, Michael Saylor, founder of Strategy (formerly MicroStrategy), said in an interview with the media: "We will continue to develop Bitcoin and regard it as a "digital Manhattan" - a digital asset. Will continue to acquire Bitcoin and then use it as collateral to start other businesses. As the price of Bitcoin rises, we will continue to do similar things and see new opportunities. "

In addition, regarding the view that “the average purchase price of MicroStrategy’s Bitcoin exceeds $150,000 may be at risk”, Michael Saylor said he disagrees with this view because most of the company’s Bitcoin is acquired through equity, and its own Bitcoin as The collateral is 15 times the debt. Moreover, its debts are not reckoned, with a term of more than four years. In other words, even if Bitcoin plummets by 98%, the company will not face liquidation risks. The company owns permanent capital.

Michael Saylor said it was not concerned about the Bitcoin price cycle and believed that Bitcoin will rise by an average of 29% per year in the next 21 years; by this benchmark, by 2045, the price per Bitcoin will reach $13 million. . He also said that MicroStrategy will not lend or pledge Bitcoin to earn interest in the future, and expected that we will grow from a few companies that initially adopted the Bitcoin standard to dozens or hundreds, and eventually thousands of companies will join.

Regarding whether Bitcoin Layer 2 network will be developed, Michael Saylor said that his company will first observe market development and believes that MicroStrategy can be considered to be running on Bitcoin Layer 3. "In the future, a second-tier solution like Lightning may be successful, but I think the current real $100 billion opportunity is in the third level." Regarding its views on other cryptocurrencies, Michael Saylor said: "Why To hold the second best thing? You just need one best and Bitcoin is the best.”

Regarding how much cryptocurrency it personally holds, Michael Saylor said: "I don't hold any other cryptocurrencies. About four years ago, I publicly disclosed that I own 17,732 bitcoins, and the purchase price was slightly below $10,000. Each. Since then, I have bought some more, but I have never sold them. So, I have now held more bitcoins than I did at the time, but how much has increased, I have not disclosed publicly."