Michael Saylor: MicroStrategy's Ambitious Bitcoin Bank Plans
According to an article by Krypto Guru, Michael Saylor, the founder of MicroStrategy, has unveiled his company's long-term vision of transforming into a Bitcoin bank. The company aims to finance its continuous acquisition of Bitcoin through debt securities rather than traditional lending practices. This strategic shift is based on the belief that Bitcoin offers superior returns compared to other asset classes.
Saylor emphasizes that instead of providing loans like conventional banks, MicroStrategy plans to borrow capital from individuals and businesses in exchange for bonds or shares with modest but stable yields. With this approach, he estimates acquiring up to $150 billion worth of Bitcoin over time. His prediction suggests a 22% annual return on investment for Bitcoin over the next decade.
The Mystery Behind Satoshi Nakamoto Unveiled?
A recent report from Stuttgarter Zeitung discusses HBO's new documentary attempting to solve one of cryptocurrency’s greatest mysteries: Who is Satoshi Nakamoto? The film proposes Canadian software developer Peter Todd as the potential creator behind the pseudonym after allegedly posting under his real name back in 2010.
Todd denies these claims vehemently due to safety concerns given Nakamoto's estimated wealth at around $60 billion. Despite skepticism within the community regarding Todd’s age during Bitcoin's inception period (he was only 23), many still debate whether it could be him or possibly even multiple developers working collectively under one alias.
Sources:
