Michael Saylor's Urgent Warning On The Most Exciting Year In Bitcoin

本站添加: 2026-06-01

[00:00:00]I expect the Bitcoin price will go up forever.

[00:00:04]And if Bitcoin price goes up forever, you could buy it forever getting exponentially less as the price goes exponentially higher.

[00:00:14]Right? And uh and that would be good for the entire economy. I mean, [music] for the entire crypto ecosystem. But we don't have any hard target one way or the other, and it all comes down to the equity capital markets and the credit markets.

[00:00:28]What we find over the long term is that by far the best thing for the company is to is to engage in a mixture of those four instruments. Any model that we put together that's limited only to equity or only to credit or only to Bitcoin always underperforms.

[00:00:48]So, ultimately, the way to think of it is 7 years out, we would like to have maximized our Bitcoin per share.

[00:00:56]>> [music] >> And >> The reason some of the largest companies and investors in the world rushing to purchase Bitcoin, according to Michael Saylor, we are seeing the biggest wealth transfer in contemporary history. Saylor contends that Bitcoin is becoming the ultimate form of digital property. As governments continue to issue more money, debt keeps growing, and traditional assets find it difficult to maintain their worth. He feels that most people are still unaware of the potential significance of this change.

[00:01:19]From corporate treasury plans and institutional acceptance to the future of global finance. We'll analyze Saylor's most recent observations and examine why he continues to be one of the most self-assured and vocal supporters of Bitcoin. If you're intrigued by bold predictions and deep financial insights, make sure to like this video, subscribe to the channel, and turn on notifications for more engaging content. Thank you for your support, and enjoy the video.

[00:01:42]>> Uh someone in the live comments is asking, "Why is Bitcoin not going up with the broader equity market right now? Do you expect a catch-up to happen at some point?"

[00:01:52]>> You know, Bitcoin uh is its own asset, and it's driven by geopolitical capital flows. So, for example, China Chinese crypto investors, >> [music] >> Asians, South Americans, Africans, Europeans, they all have their own capital flow dynamics. And so, it an edict coming out of >> [music] >> India, Pakistan, China, Iran, Russia, or Ukraine could drive Bitcoin flows having nothing to do with the US equity capital markets.

[00:02:26]>> [music] >> It's right now the headwinds that it faces are are rising interest rates on the high end of the yield curve everywhere in the world.

[00:02:36]And that that is drawing capital out of this ecosystem.

[00:02:40]It's also facing the headwinds of AI.

[00:02:43]There's a lot of capital flowing into the AI trade right now. And that has drawn capital out of Bitcoin from on the investor side. And also, if you're watching the miners, a lot of the Bitcoin miners have been diversifying or transitioning into doing AI hyper high-powered compute. And they're selling Bitcoin and or they're not holding Bitcoin in order to fund their transition. So, that's a bit of a headwind. I think that the trade wars are a headwind. I think the hot wars are a headwind. And I think the um the um lack of the rollout of bank credit networks, which is which is [music] evolving, but it still has not taken place yet. Those are all headwinds. And if you look at the equity capital markets, >> [music] >> the equity markets aren't influenced by the lack of credit from JP Morgan. They have a lot of it. The equity markets are being driven by the AI trade. They're benefiting from it. The equity markets, they're not they don't have the drag of China crypto policy, which has an impact on Bitcoin, but not on equity capital markets. And so, equity capital has got its own dynamic, you know, metallic capital, gold has its own dynamic, digital capital has its own dynamic, >> [music] >> and you you just kind of have to humbly make your peace with them. They're different asset classes. They're not always going to correlate >> [music] >> uh in lockstep, and you don't want them to correlate. They're different things for different investors with different degrees of utility.

[00:04:21]>> What's the one metric beyond the Bitcoin price you'd tell them to focus on? I'm assuming you're going to say BTC yield.

[00:04:29]>> Yeah, I think I think it's it's Bitcoin per share or the rate of change of Bitcoin per share, which is BTC yield.

[00:04:39]You know, you kind of you you're you're asking the question at what rate >> [music] >> is the company compounding my Bitcoin holdings? We had 50,000 satoshis per share 5 years ago, and now we have more than 200,000 satoshis per share. So, that's the that's the focus I would have if I'm a I'm Bitcoin standard person and a Bitcoin maximalist. The company exists to increase Bitcoin per share for every shareholder.

[00:05:07]>> Since your May 5th earnings call comments, odds that strategy sells some Bitcoin by year end have spiked from around 30% to 84%, and odds of a sell by June 30th are at 66%. [music] Critics say stretched dividends and a narrowed MNAV premium are forcing your hand. How wrong is the market?

[00:05:29]>> Um >> [music] >> you know, I I think we enjoy keeping everybody guessing. It It definitely makes X a lot more interesting. Um our our view is business as usual here. We're We're kind of matter-of-fact about this.

[00:05:45]The goal of the company is to drive Bitcoin per share and to increase its Bitcoin and increase the enterprise value continuously forever.

[00:05:53]>> [music] >> Um, we'll make decisions about how we fund our liabilities week by week, day by day. Sometimes we make them minute by minute to tell you the truth. We set algorithms where we're looking at what is um, what is most long-term advantageous to the company. Are we are we managing our credit risk? Are we creating Bitcoin per share?

[00:06:17]Um, and are we best off uh, to >> [music] >> to pay a liability with cash or to pay a liability by issuing uh, equity or to pay a liability by issuing credit or to pay a liability by selling Bitcoin?

[00:06:34]Um, we've done a lot of multivariate models and in all the models, what we find over the long term is that by far the best thing for the company is to is to engage in a mixture of those four instruments. Any model that we put together that's limited only to equity or only to credit or only to Bitcoin always under performs. So, ultimately, the way to think of it is 7 years out, we would like to have maximized our Bitcoin per share.

[00:07:08]>> [music] >> And what is it that we should be doing now that's going to maximize and optimize the company's performance so that we've maxed out Bitcoin per share 7 years from now? And I think it's not unlikely that we'll sell some Bitcoin between now and the end of the year.

[00:07:26]>> [music] >> Um, I don't know how much. Um, we still consider these things.

[00:07:30]Uh, but it's also likely that we'll sell uh, a mixture of equity, a mixture of credit, you know, we'll manage our USD, our cash positions. And we're we do it in a very thoughtful, programmatic fashion where we're running our our multivariate models, and we're literally running them. We're making trading decisions to say every minute might be an understatement. We oftentimes make trading decisions every second, >> [music] >> and we'll continue to do that.

[00:07:57]>> The emergence of digital credit is one of Michael Saylor's most significant topics. According to him, this is where the next significant financial change may occur. The global financial system has been based on credit for many years.

[00:08:08]Banks lend money, [music] businesses borrow money to expand, governments issue bonds, and investors search for ways to increase their capital returns.

[00:08:15]Saylor contends that financial products backed by Bitcoin may alter the way this economy operates. These goods are intended to both make money and profit from the long-term expansion of Bitcoin.

[00:08:24]To put it another way, they want to combine the potential for growth that Bitcoin offers with the stability that conventional investors need. This is particularly crucial as a lot of individuals are intrigued by Bitcoin, but find its significant price fluctuations unsettling. Due to its volatility, major institutions, retirees, and conservative investors sometimes refrain from directly purchasing Bitcoin. An option might be offered by Bitcoin-backed credit instruments, which would expose investors to the digital asset system while lowering some of the risks associated with holding Bitcoin alone.

[00:08:53]To remain up to date on the most recent developments in Bitcoin, cryptocurrencies, and the digital economy, please take a moment to like this video, subscribe to the channel, and enable post notifications.

[00:09:03]>> At what point will strategy slow down purchasing Bitcoin? Is that price only or a certain percentage of all the Bitcoin?

[00:09:12]>> We We view ourselves as powering the Bitcoin economy, and so and so powering the Bitcoin economy sometimes means buying Bitcoin and and raising capital by equity or credit issuance to buy Bitcoin. But, um you know, the best thing is a very healthy digital equity. So, MSTR >> [music] >> MNAV expanding, and then very healthy digital credit, low volatility, high liquidity, high performance stable credit. And so, we're always thinking about those things.

[00:09:46]>> [music] >> I I I expect that Bitcoin price will go up forever.

[00:09:52]And if Bitcoin price goes up forever, you could buy it forever getting exponentially less >> [music] >> as the price goes exponentially higher.

[00:10:02]Right? And and that would be good for the entire economy I mean for the entire crypto ecosystem. But we don't have any hard target one way or the other and it all comes down to the equity capital markets and the credit markets.

[00:10:16]I think this is just the most exciting year in the history of the industry so far.

[00:10:20]>> [music] >> What we're seeing is is Bitcoin and crypto becoming integrated, TradFi and DeFi becoming integrated, equity capital markets, credit capital markets, and [music] and crypto capital or or or digital capital markets all becoming integrated. Uh >> [music] >> we're seeing the entire world rethink a lot of things. It's rethinking banking. Banking Banks are entering the space. We never thought that we'd see that.

[00:10:55]>> [music] >> We're We're going to see tokenized securities and they're going to be rippling throughout the entire space and they're already having an impact and some of these new ideas is as Raoul pointed out, they can go from zero to 500 million in a few weeks. There are going to be ideas that are going to go from zero to a billion or zero to billions of dollars in a year.

[00:11:17]So, I would encourage everyone to first of all, focus upon digital credit. Think very hard about STRC because because >> [music] >> people's knee-jerk reaction is just to sort of say it's sort of like something else I know that either didn't work or something else I know and I think I know how to put it in a in the right container. But, it really is a new thing and it has new implications for everybody, every business.

[00:11:46]>> [music] >> And and what we're seeing is the literal digital transformation of a $300 trillion credit market, a $100 trillion equity market, a multi hundred trillion dollar capital [music] market.

[00:12:00]And this is the most exciting time to be alive in this space. So, I you know, to Phong's point, if you don't get up at 5:00 a.m. and think real hard about it, when you do get up, think real hard about it. The AIs make it easy to think real hard about it. You can literally take every idea people throw out, put it in the AI and say, "What do you think?

[00:12:22]>> [music] >> Think harder." And so, I I think this is the year where if you have epiphanies and new ideas and you're inspired and excited, then you're doing it right.

[00:12:35]And if you think, "Uh, this is just like every other year."

[00:12:38]you're missing it. You're you're missing the opportunity and that's the tragedy.

[00:12:43]>> According to Michael Saylor, strategy is primarily concerned with creating long-term stability as opposed to making numerous short-term adjustments.

[00:12:50]According to him, there is no pressing need to change the current dividend rate of roughly 12% because it is functioning well in the market. Saylor likened the company's approach to maneuvering a very big ship where making rapid turns might lead to issues. As a result, strategy is not attempting to optimize every aspect in the near future. He clarified that although dividend rates would gradually decline over several years, this would only occur when the Bitcoin economy matures and stabilizes, not anytime soon. Additionally, he clarified that the many financial products offered by strategy such as strike, stride, strife and others continue to play a significant role in the system as a whole. Since they cater to a variety of investors with various demands, the corporation does not intend to close them. While some investors are at ease with more complicated long-term credit products, others prefer simpler, more reliable exposure. Saylor's main point was that strategy is more than merely responding to transient changes in the market. Rather, it is constructing a long-term financial system centered on Bitcoin. The objective is to gradually increase Bitcoin holdings while fostering stability, lowering risk, and boosting confidence. He believes that building a solid basis for a new type of digital financial system that may expand and change over many years is more important than short-term profit.

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[00:14:04]We'd love to know what you think about the future of cryptocurrency markets, so please share your ideas in the comments section. We appreciate your [music] time and hope to see you in the next video.