Michael Saylor: MicroStrategy's goal is to become a leading Bitcoin bank
ChainCatcher news, according to The Block, during a recent interview with analysts from research and brokerage firm Bernstein, MicroStrategy founder and executive chairman Michael Saylor stated that the company's ultimate goal is to become a leading Bitcoin bank.Michael Saylor believes that Bitcoin is a revolutionary form of digital capital that can effectively hedge against inflation and serve as an excellent tool for long-term value storage. Saylor thinks that Bitcoin's volatility attracts investors seeking high returns, and over time, it will become an indispensable asset in both institutional and retail portfolios.Saylor views MicroStrategy as a Bitcoin bank, with its core business focused on creating Bitcoin capital market instruments that cover stocks, convertible bonds, fixed income, and preferred shares. MicroStrategy will not lend money like traditional banks; instead, it seeks to borrow funds at low interest rates, offer slightly higher rates to lenders, and invest those funds in Bitcoin—"the basic case" estimates an average annual return of 29%.