Highlights of Michael Saylor's speech at the Microsoft Board: Bitcoin is the best store of value asset for enterprises

Original Title: "Microsoft Bitcoin Strategy"

Author: Michael Saylor

Compiled by: Felix, PANews

Microsoft plans to vote on the proposal to "evaluate investment in Bitcoin" at its annual meeting on December 10. If the proposal passes, Microsoft will become the largest publicly traded crypto investment company, surpassing MicroStrategy and Tesla. As the voting begins, Michael Saylor delivered a 3-minute speech to the Microsoft board, explaining why Bitcoin should be adopted. In his speech, Michael Saylor stated that Bitcoin represents "digital capital," is the core opportunity of the next wave of technological innovation, and represents the greatest digital transformation of the 21st century, suggesting that Microsoft adopt Bitcoin as a core corporate strategy. Below are some highlights from the PPT used in the speech:

There are 7 technological waves that Microsoft cannot miss:

• Personal computers
• Graphical user interfaces
• The internet
• Mobile computing
• Cloud computing
• Artificial intelligence
• Digital capital

The greatest digital transformation of the 21st century is the transformation of capital, and Bitcoin is digital capital. Bitcoin is currently the seventh largest asset globally, the fastest-growing, most popular, most interesting, most digital, most useful, and most globalized. Additionally, Microsoft's current ARR (Annual Recurring Revenue) is 18%, while Bitcoin's ARR is 62%.

Currently, global wealth is distributed across various assets. In the current approximately $90 trillion global asset market, Bitcoin's market capitalization is about $2 trillion.

Global wealth is distributed between utility-providing assets and other capital-preserving assets. Of this, $45 trillion belongs to long-term capital (store of value). However, due to risks such as regulation, taxation, competition, obsolescence, economic and political turmoil, and crime, over $100 trillion in assets are lost each year.

Digital capital is superior to physical capital both economically and technologically, and long-term capital is transitioning to digital capital (Bitcoin). Bitcoin provides advantages similar to owning buildings but without the obvious liabilities of fixed assets. For example: no taxes, no concerns about transportation, tenants, torts, weather factors, building corrosion, and regulatory bodies. In contrast, Bitcoin has characteristics such as being intangible, indestructible, permanently existing, remotely transferable, programmable, divisible, exchangeable, and configurable.

It can be said that Bitcoin is a revolutionary advancement in capital preservation.

Furthermore, Bitcoin's market capitalization is expected to grow from the current $2 trillion to $280 trillion by 2045, surpassing traditional assets like bonds and gold.

At the same time, Bitcoin is backed by digital, political, and economic forces. The current Bitcoin network has a hash rate exceeding 750 Exahash, with 622 million crypto users and 400 million Bitcoin holders.

According to a four-year annual asset performance chart, Bitcoin is the best-performing uncorrelated asset on corporate balance sheets.

Performance since MicroStrategy adopted the Bitcoin strategy on August 10, 2020

Bitcoin's annual performance is 10 times higher than Microsoft's, while bonds have performed even worse.

Performance since MicroStrategy adopted the Bitcoin strategy on August 10, 2020

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

Performance since MicroStrategy adopted the Bitcoin strategy on August 10, 2020

Moreover, MSFT (Microsoft) stocks and options are weak and deteriorating (Microsoft is reducing the options market and stocks as a means of value storage through its financial strategy).

Today, Bitcoin has become an institutional asset and is now a viable alternative to corporate bonds. The number of public entities holding Bitcoin has surged:

Additionally, a wave of political support for Bitcoin is emerging, with endorsements from governments, Wall Street, and several prominent political figures. This includes the White House, the Senate, the House of Representatives, and Wall Street, with notable figures such as Donald Trump, JD Vance, Robert Kennedy, Howard Lutnick, and Elon Musk. At the same time, support for the U.S. strategic Bitcoin reserve is also surging, with Trump stating, "Never sell your Bitcoin."

2025 will be the first year of a comprehensive revival of cryptocurrencies. It is expected that:

• Wall Street will adopt ETFs
• FASB will implement fair value accounting
• There will be over 250 supporters of cryptocurrencies in Congress
• Bitcoin strategic reserve legislation
• Repeal of SAB 121
• End of the legal war against cryptocurrencies
• Digital asset framework

In this context, Microsoft must make a choice:

• Stick to the past: traditional financial strategies based on government bonds, buybacks, and dividends
• Embrace the future: innovative financial strategies based on Bitcoin as a digital capital asset
• Step back: buy back $100 billion annually, increasing investor risk and slowing growth
• Move forward: invest $100 billion annually, reducing investor risk and accelerating growth

And Microsoft has repurchased $200 billion in capital over the past 5 years.

Buybacks and dividends amplify Microsoft's risk factors, and Bitcoin is the best way to break this vicious cycle. As an asset, Bitcoin has no competitors, and there is no counterparty risk from nations, companies, creditors, cultures, or currencies. It is recommended that Microsoft seize this opportunity of the era and take a leading position in global digital financial innovation.