In a bold and visionary statement, Michael Saylor has outlined an ambitious roadmap for his firm, Strategy, centered around Bitcoin. During a conversation with Bitcoin Magazine, Saylor revealed his plans for an “endgame” in which the company aims to amass a staggering trillion-dollar balance sheet in Bitcoin. This massive accumulation will not only serve as a store of value but also become a foundational element in transforming the global credit system.
Saylor envisions growing this Bitcoin asset base at an annual rate of 20 to 30%. He emphasized that achieving a trillion dollars in Bitcoin would leverage the cryptocurrency’s historical value appreciation, which has averaged around 21% annually. This would create a powerful capital stock that fuels innovative financial products.
One of the core components of Saylor’s plan involves issuing Bitcoin-backed credit, which offers yields far superior to those found in conventional fiat systems. He argues that this new credit paradigm could invigorate global credit markets, allowing investors to escape the low-yield environment of today’s financial landscape. Instead of relegating trillions of dollars to low-yielding bonds in regions like Europe and Japan, Saylor posits that Bitcoin-backed credit could generate returns between two to four percentage points higher than traditional options, delivering healthier investment yields and enhanced transparency.
Saylor claims that with capital over-collateralized by a factor of two, this new financial structure could be even safer than AAA-rated corporate debt. He believes that as Bitcoin becomes integrated into the balance sheets of various entities—including corporations, insurance companies, banks, and sovereign wealth funds—traditional equity indexes, such as the S&P 500, will inadvertently transform into indirect Bitcoin vehicles. This shift could create a dual benefit: publicly traded companies might experience growth driven by Bitcoin’s appreciation.
Moreover, Saylor’s vision sees far-reaching implications for everyday financial products. Savings accounts could soon offer interest rates between 8% and 10% instead of stagnating near zero, and money market funds might be denominated in Bitcoin rather than fiat currency. Major tech companies, like Apple and Google, could incorporate Bitcoin custody and financial services into their existing platforms, potentially expanding the digital economy dramatically.
Ultimately, Saylor positions Bitcoin treasury companies as the engines of this transformative financial architecture. The resulting system, according to him, would represent a 21st-century evolution in banking, credit, and capital markets, with a potential scale soaring into the tens of trillions in digital credit backed by hundreds of trillions in Bitcoin assets. He describes the anticipated transformation of the financial landscape as “smarter, faster, stronger – 10x better” than the current system, promising that participants engaged in the Bitcoin economy would reap significant advantages over those who do not.
In line with this vision, Strategy has already begun stacking Bitcoin, recently adding 196 coins to its treasury for over $22 million, demonstrating Saylor’s commitment to this ambitious roadmap.
