PiCK
Michael Saylor Says Bitcoin Bull Market Is Back, Sees Faster Financial-Sector Adoption Over Next 1-2 Years
Summary
- Michael Saylor said Bitcoin has reentered a bull market and that banks' expansion of custody and collateralized lending services over the next 12 to 24 months will be a key growth driver.
- He said financial institutions' use of blockchain and securities tokenization will strengthen links between digital assets and traditional financial markets, improving market access for institutional investors.
- He also said Strategy has repurchased about $1.5 billion of STRC and holds enough cash and cash equivalents to pay dividends for three years and six months, while raising the possibility of a stablecoin backed by Bitcoin collateral that offers an annual 6%-8% yield.
Forecast Trend Report by Period
Michael Saylor, executive chairman of Strategy, said Bitcoin is reentering a bull market and that broader services from financial institutions will help sustain the rally in the next one to two years.
Wu Blockchain reported on October 19 that Saylor said in a recent interview the Bitcoin market had regained bullish momentum.
He said banks' expansion of Bitcoin custody and collateralized lending services over the next 12 to 24 months would be a key growth driver. Faster adoption of Bitcoin-related services by traditional financial institutions could also improve market access for institutional investors.
Saylor also identified securities tokenization as a key factor in Bitcoin's growth. Broader blockchain use by financial institutions could strengthen links between digital assets and traditional financial markets.
He also discussed Strategy's financial strategy, saying the company repurchased about $1.5 billion of STRC to help stabilize its price. The company also holds enough cash and cash equivalents to pay dividends for about three years and six months, he said.
Saylor also raised the possibility of a stablecoin backed by Bitcoin collateral, pegged to the dollar and offering an annual yield of 6% to 8%. He did not disclose any specific plan for Strategy to issue such a product directly.
