MicroStrategy’s Michael Saylor: Bullish on Bitcoin and Embraces Microsoft AI Collaboration
In a recent CNBC interview, MicroStrategy’s Executive Chairman, Michael Saylor, reaffirmed the company’s strong belief in Bitcoin, stating, “You can never have too much Bitcoin. We’re big Bitcoin bulls.”
Saylor addressed concerns about Bitcoin overshadowing MicroStrategy’s core software business, expressing optimism about their AI collaboration with Microsoft. This partnership aims to integrate AI into MicroStrategy’s product line, enhancing business intelligence offerings and driving cloud adoption.
Highlighting the synergy between business success and Bitcoin investment, Saylor anticipates the introduction of a spot Bitcoin ETF, positioning MicroStrategy uniquely to offer a tax-deferred Bitcoin premium without added fees.
Discussing the imminent Bitcoin halving, Saylor predicted market bullishness, attributing it to potential demand surges from emerging financial products like spot Bitcoin ETFs.
During a recent address at the 2023 Australia Crypto Convention, Saylor reflected on Bitcoin’s evolution from an “offshore unregulated asset” to an “institutionalised mainstream app” by 2024. He foresees Bitcoin maturing into an “adolescent mainstream asset” by end-2024, citing significant shifts in supply and demand dynamics.
Saylor’s forecast suggests a potential doubling, tripling, or even tenfold increase in Bitcoin demand in the next year. Simultaneously, he noted the expected halving of available Bitcoin for sale by April.
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