The stars are aligning and bitcoin seems to be benefiting. Between regulatory pivot, banking rush, innovative investment products and promises of mass adoption, the star cryptocurrency is carried by a current as rare as it is powerful. Many analysts see this as a prelude to a surge in prices. And Michael Saylor, he is not going with the back of the spoon: 150,000 dollars by the end of 2025. The man behind Strategy has never been so serene. And he has his reasons.
In brief
- Major American banks are now lending on bitcoin, a sign of institutional adoption well underway.
- Strategy obtains an S&P rating, symbol of a crypto credit entering classic traditional finance.
- Michael Saylor launches four crypto products offering high yield and variable exposure to bitcoin risk.
- A digital revolution is coming, between autonomous AI and capitalization in bitcoin for the infrastructures of the future.
Converted banks and more accommodating institutions: the momentum of Bitcoin
Michael Saylor is not the only one to feel the tide turning. Large financial institutions, long hostile to Bitcoin, now seem to be playing for time to catch up. JP Morgan, Wells Fargo, Bank of America: all are now exploring bitcoin-backed credit. A major shift.
It was in this climate that Saylor-owned Strategy received S&P's first-ever B- credit rating. A first in the history of Bitcoin. “ …We think this is a very promising start because it represents institutional adoption of Bitcoin-backed credit “, he explains.
The regulatory context has also become more welcoming. The US Treasury is now backing stablecoins to strengthen the dominance of the dollar. The SEC wants to tokenize financial securities. And there is no longer a shortage of pro-crypto personalities in Washington.
I think the crypto industry has evolved over the last 12 months in two different directions. There is the digital capital side of the industry and Bitcoin is the digital capital, a long-term store of value and digital credit instruments that are built on that capital.
Michael Saylor
Saylor’s weapons: crypto products calibrated to seduce Wall Street
To convert skepticism into action, Saylor launched four bitcoin-backed credit products: Strike, Strife, Stride and Stretch. Each profile has its own instrument. From high yield at 12.5%, to stable income without direct exposure to volatility, everything is designed to facilitate the entry of institutional capital into the world of BTC.
Taxation is the other joker of the strategy. These products distribute dividends treated as a return of capital, which makes them non-taxable.
So when you receive 10%, you receive 10% cash dividend yield. And what happens is your basis in the instrument is reduced by the cash dividend.
The goal? Attract trillions of dollars in search of yield without legal or tax risk. And it works: more than 250 crypto treasury companies have emerged, compared to only one in 2020.
Saylor sees this expansion as a historic milestone, proof that every company will eventually own digital assets, just as they embraced the Internet back then.
Michael Saylor, Bitcoin and the post-human future: the accelerated vision
Where some see a speculative asset, Saylor sees an economic pillar in an AI world. According to him, artificial intelligences will trade with each other at the speed of light. To do this, they will need a stable means of exchange and an incorruptible store of value. US stablecoins for the first, bitcoin for the second.
This vision is not a cyberpunk delusion: it is based on facts. The volume of stablecoins has already increased from 100 to 250 billion in 12 months. Tomorrow ? A 10 trillion dollar market, in perpetual motion.
Saylor sees implacable logic in this :
If you want to launch something into cyberspace and make it live forever, how are you going to capitalize on it? You will load it with Bitcoin. Bitcoin will continue to appreciate in value... Our expectation right now is that at the end of the year it should be around $150,000.
And for those who wonder if this vision can withstand political storms, he recalls that President Trump himself had to reconsider his position, reopening dialogue with China. The geopolitical climate remains uncertain, but the architecture of the future seems to be taking shape.
Some data that mark a turning point
- $110,692: bitcoin price at time of writing;
- 250 DAT companies compared to 1 in 2020;
- Up to 12.5% net-of-tax return on Stride products;
- B- rating for Strategy by S&P;
- 10 trillion dollars in stablecoins envisaged by Saylor in the coming years.
The last parameter to integrate? The US Federal Reserve lowered interest rates by 0.25%. A breath of fresh air for risky assets, like bitcoin. In such a monetary environment, the appetite for instruments like those of Strategy can only grow. If the planets continue to align, Saylor's prediction might not be so crazy.
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