Michael Saylor on Bitcoin to $13 Million & MicroStrategy’s Monster Run

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Dec 5, 2024

In this discussion, Michael Saylor, the Executive Chairman of MicroStrategy and a driving force in Bitcoin investment, shares his bold vision for Bitcoin potentially hitting $13 million. He advocates for a focused investment strategy on Bitcoin rather than diversification. The conversation dives into how MicroStrategy leveraged Bitcoin to thrive during the pandemic and explores the transformative impact of AI on financial markets. Saylor also discusses the implications of government scrutiny on Bitcoin and the potential recognition of digital currencies in global finance.

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ANECDOTE

MicroStrategy's Bitcoin Hail Mary

MicroStrategy's Bitcoin journey began in 2020 with a $500 million investment, driven by the need for a transformational change.
The investment proved successful, leading to substantial stock growth and further investment opportunities.

INSIGHT

The Value of Volatility

MicroStrategy became a popular option for volatility traders due to its high correlation with Bitcoin and the upcoming halving event.
This increased the company's options market significantly, revealing the potential of leveraging permanent capital with volatility.

INSIGHT

Leading the Bitcoin Charge

MicroStrategy adopted a leadership position in the Bitcoin market, aiming to build a significant Bitcoin treasury.
This strategy led to a massive capital raise, demonstrating investor confidence in the company's vision.

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Guy Adami and Dan Nathan are joined by Michael Saylor, the Executive Chairman of MicroStrategy. They discuss the transformative potential of Bitcoin, Saylor's strategic vision for MicroStrategy, and the role of AI in financial markets. Michael Saylor shares his insights on investment strategies, risk management, and the future of digital currency, offering a comprehensive overview of his approach to leveraging Bitcoin as a key asset. The conversation also touches on MicroStrategy's aggressive growth through strategic investments and fundraising, the impact of AI on investment opportunities, and the broader implications of adopting Bitcoin as a global financial standard.

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