MicroStrategy (Nasdaq: MSTR) founder Michael Saylor is well-known for his bullish outlook on Bitcoin. In a recent interview, he shared how even an average investor can get a 100 times return.
The best way to get superior returns, like 100 times return, for an average individual is to accumulate Bitcoin over other luxurious expenditures, Saylor said in an interview with crypto journalist Natalie Brunell on May 9.
Saylor emphasized that nobody should quit their day job to generate regular cash flow and be responsible in expenditures so that they can purchase Bitcoin.
The MicroStrategy founder said a Ferrari or a yacht can wait unless someone is "insanely rich." Instead, buy the king coin, he added.
Saylor recommended low-interest, long-dated mortgage debt to buy Bitcoin. Such a debt is usually government-subsidized, is not mark-to-market, and is against a "fairly stable" asset, so it's the cheapest form of permanent capital that anyone can get, he added.
Any capital that is not mark-to-market would be better invested in an asset like Bitcoin, which he claimed is going to rise 30% annually for the next 20 years.
At this rate, Bitcoin's price will reach $13 million in 2045 — a prediction oft-repeated by Saylor that he doubled down on during the interview. He warned that every Bitcoin that you don't buy is a loss of $13 million.
Strategy itself holds 568,840 BTC worth $59 billion at the time of writing, making it the world's largest corporate Bitcoin holder.
As per Kraken's price feed, Bitcoin was trading at $102,147 at press time.
