If you're into microstrategy finance, you probably already know Michael Saylor, he's the former CEO of the popular company, Microstrategy.
Imagine combining Microstrategy with a Crypto, that's exactly what this guy wants to do. He wants to turn the company into a leading Bitcoin finance firm and it'll turned into some type of bank but without the traditional banking risks.
I read about it and to be honest, he's making a very huge claim here, especially when you hear the numbers he's predicting like Bitcoin hitting $13 million by 2045. I think it's plausible but I'm not sure that'll happen, but hey this is Bitcoin we're talking about, anything is possible with it.
But for real, it almost feels like we’re being told to put our entire faith in Bitcoin. Bitcoin enthusiasts trust it with their lives and I see why they do. It's proven over a decade to be very reliable when it comes to long term interest.
His idea of borrowing billions from Bitcoin holders, offering them a tiny yield, and then lending out to Bitcoin itself for far bigger returns is very risky on my opinion.
Saylor's makes it sound so simple, but there are so many ways this thing can go wrong. Yes, Bitcoin’s value is soaring and yes, it’s gaining mainstream traction, but what if the market turns or some unexpected regulatory roadblock from the government hits?
Putting this much faith into an asset that’s still, let’s face it, young and volatile is way too risky a move for anyone even trading experts.
But we still have to give Saylor his props for such a plan. It may not be perfect but it's good enough to Work for many people. I think we’re witnessing the birth of something new here, just like Saylor says, maybe even a digital gold rush.
