We know that as the Bitcoin holding giant among US-listed companies, MicroStrategy, after announcing its continued investment in Bitcoin in August 2020, has transformed the company from an obscure technology company into a super Bitcoin giant with a market value of over $69 billion, and has also driven more listed companies to start adopting a Bitcoin reserve strategy.
Just yesterday (16th), Taiwan's Web3 YouTober "Bonnie Blockchain" released an interview with MicroStrategy founder Michael Saylor, in which Michael Saylor himself detailed his optimistic views on Bitcoin and the impact of Bitcoin on enterprises, countries, and the global economy. Block Tempo has summarized his main points as follows.
Bitcoin Brings a Capital Revolution
Saylor said in the interview that Bitcoin is not just a digital currency, but its value lies in its ability to optimize the structure of capital and disrupt the traditional financial system:
Bitcoin is not only a currency tool, but also a tool that can optimize the capital structure. If companies can incorporate Bitcoin into their balance sheets, it will greatly increase their attractiveness in the stock market and drive the flow and growth of capital.
Bitcoin is a digital energy, and before people realized that fire and electricity were good things, they were afraid of them. Initially, people were also skeptical about Bitcoin, but over time, they have found that Bitcoin will become a force driving economic and technological progress.
The High Volatility of Bitcoin is an Advantage
Looking back on the history of Bitcoin's development, we can see that Bitcoin has experienced huge fluctuations after each bull-bear cycle. However, Saylor pointed out that he does not agree with the traditional finance view that volatility equals risk, but rather believes that volatility is a manifestation of vitality:
The volatility of Bitcoin makes it an attractive magnet for capital, and also provides companies with greater flexibility and growth potential.
Incorporating Bitcoin into a company's capital structure is like mounting a high-speed engine on a heavy flywheel, generating tremendous propulsive force.
Bitcoin Can Help Countries and Enterprises Improve Their Economic Positions
Saylor further pointed out that from a national perspective, Bitcoin can also help other countries or regions, especially those that cannot directly access the US financial market, improve their economic status and further break away from the control of traditional capital markets:
Especially in countries like Argentina and Nigeria, Bitcoin provides local economies with the opportunity to access the global market, and may also help bridge the gap between these places and other countries.
For enterprises, Saylor added that due to the supreme position of tech giants in the industry, many small companies are facing the fate of being eliminated, but if they start to adopt a Bitcoin strategy, they may be able to break through the predicament:
Many companies are facing the predicament of gradually disappearing because they cannot compete with giants like Apple, Google, and Amazon, but once they incorporate Bitcoin into their capital operations, they may be able to break out of this predicament.
If Taiwanese companies can incorporate Bitcoin into their balance sheets, it will also create stronger growth momentum for the company than traditional economic models.
