Michael Saylor predicts significant impact on BlackRock from cryptocurrency

At the Bitcoin Standard Corporations Investor Day event sponsored by Bitwise in New York City, Michael Saylor, the Executive Chairman of MicroStrategy, took the stage to discuss the role of Bitcoin in the corporate world. Saylor emphasized the importance of Bitcoin as a strategic asset for corporations looking to protect their balance sheets against inflation and currency devaluation.

During his presentation, Saylor highlighted how MicroStrategy made the decision to invest in Bitcoin as a treasury reserve asset. He explained that the company’s move was driven by the realization that holding cash in a world of unlimited money printing was a losing strategy. By converting a substantial portion of MicroStrategy’s balance sheet into Bitcoin, Saylor believes that the company has insulated itself against the risks of fiat currency devaluation.

Saylor also shared his thoughts on the future of Bitcoin and its potential to become the dominant global reserve asset. He argued that Bitcoin’s scarcity, durability, portability, and divisibility make it a superior form of money compared to fiat currencies. According to Saylor, as more corporations and institutional investors recognize Bitcoin’s value proposition, they will follow MicroStrategy’s lead in adopting Bitcoin as a treasury reserve asset.

One of the key takeaways from Saylor’s presentation was the concept of “Bitcoin Standard Corporations,” which refers to companies that embrace Bitcoin as a treasury reserve asset. Saylor believes that Bitcoin Standard Corporations have a competitive advantage over their peers because they are better positioned to weather economic uncertainty and preserve the value of their capital.

Saylor’s discussion at the event resonated with many attendees, who were eager to learn more about how they could incorporate Bitcoin into their corporate treasury strategies. As the cryptocurrency market continues to grow and mature, more companies are exploring the possibility of adding Bitcoin to their balance sheets as a hedge against inflation and currency risks.

Overall, Saylor’s presentation at the Bitcoin Standard Corporations Investor Day shed light on the growing trend of corporations diversifying their balance sheets with Bitcoin. By embracing Bitcoin as a treasury reserve asset, companies like MicroStrategy are paving the way for a new era of corporate finance where digital assets play a central role in preserving and growing capital. As more companies follow suit, Bitcoin’s status as a strategic asset for corporations is likely to become more mainstream in the years to come.