Michael Saylor's latest speech: BTC is the best asset for enterprise value preservation

Original author: Michael Saylor

Original Translation: Felix, PANews

Microsoft plans to vote on the proposal to 'evaluate investment in BTC' at its annual meeting on December 10. If the proposal is approved, Microsoft will become the largest publicly traded encryption investment company, surpassing MicroStrategy and TSL. At the opening of the vote, Michael Saylor made a 3-minute speech to the Microsoft board, explaining why BTC should be adopted. In the speech, Michael Saylor proposed that BTC represents 'digital capital' and is the core opportunity for the next wave of technological innovation, representing the greatest digital transformation of the 21st century. He suggested that Microsoft adopt BTC as its core strategy. The following are some highlights of the PPT used in the speech:

Microsoft cannot miss the next wave of technological trends, which includes 7 key points:

• Personal computer
• Graphical User Interface
• Internet
• Mobile Computing
• Cloud Computing
• Artificial Intelligence
• Digital Capital

The biggest digital transformation of the 21st century is the transformation of capital, and BTC is digital capital. BTC is currently the 7th largest asset in the world, with the fastest rise, most popular, most interesting, most digital, most useful, and most globalized. In addition, Microsoft's current Annual Recurring Revenue (ARR) is 18%, while BTC's ARR is 62%.

Currently, global wealth is distributed among various assets. In the current global asset market of approximately $90 trillion, BTC's market cap is about $2 trillion.

Global wealth is distributed between assets that provide utility and other assets that store value. Of the total $450 trillion, which belongs to long-term capital (value storage), assets worth over $10 trillion are lost each year due to risks such as regulation, taxation, competition, obsolescence, economic and political turmoil, and crime.

Digital capital is superior to physical capital both economically and technologically, and long-term capital is transforming into digital capital (BTC). BTC provides advantages similar to owning buildings, but without obvious fixed asset liabilities. For example: no taxes, no need to consider traffic, tenants, infringement, weather conditions, building corrosion, and regulatory agencies, etc. Instead, BTC has intangible, indestructible, permanent existence, remote transmission, Programmability, divisibility, convertibility, and configurability.

It can be said that BTC is a revolutionary progress in capital preservation.

Original text

In addition, BTC's Market Cap is expected to rise from the current $2 trillion to $28 trillion in 2045, surpassing traditional assets such as bonds and gold.

Meanwhile, BTC is secured by digital, political, and economic forces. The current BTC network has a Computing Power of over 750 Exahash, with 622 million encrypted users and 400 million BTC holders.

Based on the four-year annual asset performance chart, BTC is the best-performing non-related asset in the corporate balance sheet.

Performance since MicroStrategy adopted BTC strategy on August 10, 2020

Bitcoin's annual performance is 10 times higher than Microsoft's, while bonds' performance is even more disappointing.

Performance since MicroStrategy adopted BTC strategy on August 10, 2020

The outstanding performance of corporate stocks is inseparable from Bitcoin (digital capital). Since August 10, 2020, when MicroStrategy adopted the BTC strategy, MicroStrategy's stock price has increased by 3045%, while Microsoft (MSFT) has only increased by 103%.

Performance since MicroStrategy adopted BTC strategy on August 10, 2020

In addition, MSFT (Microsoft) stocks and Options are weak and deteriorating (Microsoft is cutting the Options market and stocks as a means of value storage through its financial strategy).

Now, BTC has become an institutional asset and a viable alternative to corporate bonds. The number of public entities holding BTC has surged:

In addition, there is a wave of political support for BTC, with endorsements from the government, Wall Street, and several well-known politicians. This includes the White House, the Senate, the House of Representatives, and Wall Street, with endorsements from Donald Trump, JD Vance, Robert Kennedy, Howard Lutnick, and Musk, among others. At the same time, support for the US strategic BTC reserve is also increasing, with Trump saying, 'Never sell your BTC'.

2025 will be the first year of the comprehensive revival of Crypto Assets. Expected:

• Wall Street adopts ETF
• FASB Fair Value Accounting
• There are more than 250 supporters of Crypto Assets in Congress
• BTC strategic reserve bill
• Abolish SAB 121
• End the legal battle over Cryptocurrency
• Digital Asset Framework

In this situation, Microsoft must make a choice:

• Persistence in the past: TradFi strategy based on government bonds, repurchase agreements, and dividends
• Embrace the future: Innovative financial strategy based on BTC as a digital capital asset
• Regression: repurchasing 1000 billion dollars annually, increasing investor risk, and slowing downrise
• Progress: Invest $100 billion annually, drop investor risk and accelerate rise

Microsoft has bought back $200 billion in capital in 5 years.

Buybacks and dividends amplify Microsoft's risk factors, and BTC is the best way to break free from this vicious cycle. BTC, as an asset, has no competitor, counterparty risk from countries, companies, creditors, culture, or currency. It is recommended that Microsoft seize this opportunity of the era and take a leading position in global digital financial innovation.