Michael Saylor’s Wild Bitcoin Gamble That Could Change Everything

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What to know:

  • Michael Saylor dreams of turning Bitcoin into a $200 trillion mega asset. Ambitious much? 🚀
  • Strategy (formerly MicroStrategy) has spent $33 billion on over 500,000 bitcoins. Because who needs cash anyway? 💸
  • Saylor thinks burning his bitcoin would grant him “economic immortality.” Yes, really. 🔥

Picture the year 2045. AI agents zipping around faster than gossip at a family reunion, powered by—you guessed it—Bitcoin. Michael Saylor sees it: Bitcoin leading the charge as a $200 trillion asset. If that’s not enough ambition for you, he’s lobbying for the U.S. to hoard Bitcoin like it’s 2020 toilet paper. His cheeky plan? Force every nation to follow suit. Oh, classic Saylor. 😅

CoinDesk sat down with the crypto kingpin himself for a solid two hours. Yes, two hours. By the end of it, we were convinced: he might actually be serious. His big pitch? U.S. dominance in Bitcoin would make allies high-five each other and compel enemies to begrudgingly “join the party,” as Saylor dramatically puts it. Geopolitical bullying, anyone? 🤷‍♂️

U.S. Bitcoin Strategic Reserve

Enter Donald Trump, who apparently decided Bitcoin was the star guest at the economy’s dinner party. An executive order mandates the U.S. to never sell its stash. (Don’t touch the snacks, folks.) Turns out selling half the existing Bitcoin in the past was a $17 billion mistake. Oops. 🤦‍♂️

Saylor isn’t shy about proposing bold ideas—like the U.S. snagging up to 25% of Bitcoin’s total supply. By 2045, he’s predicting this could create $100 trillion in economic value. Modest, right? 🙄

America’s crypto czar David Sacks wants the U.S. to grab every Bitcoin it can find. Why? Because nothing says global financial power like pretending you’re Scrooge McDuck in the crypto universe. 🦆

‘Thermodynamically Sound’ Money

Now, let’s talk about Saylor himself—a literal rocket scientist turned “Bitcoin’s most dramatic cheerleader.” After dabbling in aeronautics and astronautics, Saylor discovered Bitcoin and basically said, “To heck with software profits, let’s go full crypto or bust.” (Spoiler: It worked. Sort of. 😎)

From “criminally underwhelming business ideas” to patenting 48 inventions, Saylor’s career reads like someone binge-watching a drama series. The episode featuring Bitcoin is his favorite, though: the one where he saved MicroStrategy (now Strategy) from the jaws of irrelevance by buying Bitcoin like it was candy on Halloween. 🍬

Financial Engineering or Financial Gymnastics?

Strategy evolved into Wall Street’s Bitcoin gateway drug. It sells hyped-up securities—convertible bonds, preferred stock—and uses the funds to buy more Bitcoin. Repeat. Present day tally? 500,000 bitcoins acquired using about $33 billion. Who knew corporate strategy meetings could sound like an action thriller? 🎢

Just imagine the treasury team explaining this cycle: buy Bitcoin, drive stock prices up, pull leverage in just-so-perfectly to fund the next round, rinse, repeat. Financial engineering or financial wizardry? You decide. 🧙‍♂️

Still, there’s a downside to playing the Crypto Casino. What happens if the market decides Bitcoin isn’t the coolest kid in the playground anymore? That’s a question that keeps Saylor pacing the Strategy boardroom late at night. 🕺

‘Economic Immortality?’

Here’s where it gets even weirder: Saylor once said he might just burn his Bitcoin instead of donating it—to literally disappear wealth into cyber smoke for the “greater good.” Apparently, becoming Bitcoin Jesus is on his bucket list. 🙌

“It’s my legacy!” Saylor declared. So don’t be surprised if one day he’s leaving behind fewer coins than a broken fountain. Bold exit strategy, Mick. 🪦

Victor Chen contributed reporting. But, let’s be honest—this saga writes itself. 🎤

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2025-03-25 18:18