Overview

• Michael Saylor told the CoinStories podcast that he expects bitcoin to beat the S&P 500 by roughly 29% per year over the next two decades.
• He characterized bitcoin as scarce, non–cash-flowing “perfect money,” arguing that these traits make it a superior long-term store of wealth for institutions.
• Saylor said price consolidation reflects early holders selling for liquidity as larger investors prepare allocations, noting bitcoin is up about 99% year over year.
• He outlined a vision for bitcoin-backed lending and new instruments, including over-collateralized preferred-stock structures designed to offer yield and give the asset cash‑flow-like characteristics.
• Coverage cited Strategy/MicroStrategy’s reported holdings of more than 638,000 BTC as context, and Saylor said the company recently became eligible for S&P 500 consideration though inclusion is not assured.