Michael Saylor believes Bitcoin will redefine the financial system. He argues that Bitcoin is not just another asset but a new form of “digital capital.” Unlike stocks, bonds, or fiat currencies, it has a fixed supply and a decentralized structure. This, he says, makes it stronger collateral than traditional assets. In his view, investors can build a more stable credit system backed by Bitcoin. Loans could last longer, deliver higher returns, and reduce the risks tied to inflation or central bank policies. Saylor has compared this stage of Bitcoin adoption to the early oil industry, where different models were tested until the strongest emerged. He expects the same experimentation and evolution in the Bitcoin space.
Bitcoin Versus the S&P 500
Michael Saylor is convinced that Bitcoin will outperform the S&P 500 “forever.” He predicts the index will lose about 29% in value per year when compared with the cryptocurrency. For him, history already supports this claim. Over the past decade, Bitcoin has surged far ahead of traditional equities in terms of returns. Saylor notes that investors who benchmark their growth against the S&P 500 should recognize the widening performance gap. He also pointed out that Strategy, the firm he co-founded, only recently became eligible for S&P 500 inclusion after hitting profitability and accounting milestones. Although not yet listed, he expects the company to join once it demonstrates stability across several quarters. For Saylor, the broader lesson is clear: holding Bitcoin may be far more rewarding than betting on traditional stock indexes.
Michael Saylor Warns of “Boring” Bitcoin Ahead
While Saylor is bullish long-term, he also admits Bitcoin may look “boring” in the short run. As mega institutions step into the market, volatility will decrease. That, he explains, is a natural part of Bitcoin’s growth cycle. However, it may frustrate retail traders who thrive on dramatic price swings. The “adrenaline rush” of sharp rallies and crashes could fade, leaving the market feeling stagnant for a time. Yet for large investors, lower volatility is a welcome sign. It makes Bitcoin a safer bet for pension funds, banks, and corporations that need stability before committing large sums. Saylor believes this transition is necessary for Bitcoin to mature and attract capital on a massive scale.
Where the Price of Bitcoin Could Go Next
Despite Bitcoin’s strong fundamentals, opinions differ on its near-term price. After peaking at $124,100 in August, it has drifted lower, trading around $115,760. Analysts are split on what comes next. Some, like Arthur Hayes, expect $250,000 by year-end. Others predict more modest gains or even sharp corrections. One analyst even warned of a potential 70% drawdown. Saylor is less focused on the day-to-day price action. He stresses that innovation in Bitcoin-based products is still in its early phase. He calls the decade from 2025 to 2035 the “digital gold rush.” During this period, he expects both mistakes and massive fortunes to emerge as business models evolve.
Bitcoin’s Expanding Corporate Footprint
Corporate treasuries are already making bold moves into Bitcoin. Public companies now hold nearly $118 billion worth of it on their balance sheets. Saylor’s own firm has been one of the leaders, holding more than 638,500 BTC. This strategy, he argues, is not speculation but long-term capital preservation. In his mind, Bitcoin is the superior store of value compared with stocks, bonds, or fiat money. As more companies adopt it, he believes the pressure on regulators and financial institutions will only grow. For Michael Saylor, this is the start of a multi-decade transformation, where Bitcoin evolves from a volatile asset into the backbone of global finance.
