Michael Saylor: Bitcoin has clearly positioned itself as digital gold, and the price of Bitcoin will continue to rise in the future

ChainCatcher news, MicroStrategy co-founder Michael Saylor revealed in a recent interview that Bitcoin has clearly positioned itself as digital gold, a means of value storage. He mentioned that since the U.S. government approved the Bitcoin ETF last year, the market consensus on Bitcoin as digital gold has gradually formed, and the crypto summit in March this year further solidified this view.

He also pointed out that gold-backed credit once dominated the Western monetary system, while Bitcoin, as digital capital, is seeing rapid development of its upper-level digital credit tools. Additionally, he noted the rapid growth in the digital finance sector over the past year, including the tokenization of currencies, stocks, bonds, and other real assets, which has provided significant momentum for proof-of-stake networks like Ethereum.

He emphasized that the level of institutional acceptance of Bitcoin is a key factor for the future development of the industry. Recently, several large banks, including JPMorgan, Citigroup, and Wells Fargo, have adjusted their crypto policies to begin accepting Bitcoin and Ethereum as collateral, marking a significant shift in traditional financial institutions' attitudes towards crypto assets.

Saylor also mentioned that MicroStrategy is the first Bitcoin treasury company to receive an S&P credit rating, and its products have attracted institutional investors, including BlackRock's PFF fund. Furthermore, he predicts that the price of Bitcoin will continue to rise and stated that the company's goal is to promote broader adoption of Bitcoin through digital credit tools, ultimately aiming to purchase $300 billion worth of Bitcoin.