Michael Saylor, CEO of MicroStrategy, revealed the company’s goal to become the world’s leading Bitcoin bank, betting on Bitcoin’s potential to capture 7% of global financial capital by 2045.
Saylor predicts Bitcoin could reach $13 million per coin, driven by its deflationary value. MicroStrategy plans to raise funds through U.S. capital markets and continuously acquire bitcoin, expecting returns of 29% annually.
Unlike traditional banks, the company avoids lending Bitcoin, preferring to profit from capital markets arbitrage. With 252,220 BTC already acquired, Saylor envisions MicroStrategy becoming a trillion-dollar company as Bitcoin’s value soars.
Craig Wright, who claims to be Bitcoin’s creator, criticized MicroStrategy’s Michael Saylor for distorting Bitcoin’s original purpose by turning the company into a Bitcoin merchant bank.
In an Oct. 12 post, Wright argued that Bitcoin has become overly centralized and reliant on intermediaries, which goes against its foundational principles. He condemned Saylor’s plan to build a “Bitcoin bank” and accused him of profiting from the very middleman role Bitcoin was designed to eliminate.
Wright’s critique highlights a broader debate within the cryptocurrency community about Bitcoin’s true vision, with Saylor advocating for BTC as “digital gold,” while Wright argues it has strayed from its original goals.
This adds to the ongoing divide between BTC and Bitcoin SV supporters, the latter stemming from a 2018 fork of Bitcoin Cash. Wright’s claim of being Bitcoin’s creator, Satoshi Nakamoto, remains controversial. Meanwhile, an HBO documentary recently speculated that developer Peter Todd might be Satoshi, a claim Todd has denied.
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