Is $100K Bitcoin Too Expensive? Michael Saylor Breaks Down His Strategy

Michael Saylor on $100K Bitcoin: A Strategic Bet on Future Value

Michael Saylor, executive chairman of MicroStrategy, has addressed growing concerns about Bitcoin’s rising price. In a recent discussion with Barstool Sports founder Dave Portnoy, Saylor shared his perspective on whether Bitcoin, now valued at $100,000 per coin, is "too expensive." His answer was clear: it’s never too expensive to buy Bitcoin if you’re focused on the long term.

Portnoy raised the question that’s on the minds of many investors: "Is Bitcoin too expensive at $100K?" Saylor dismissed the concern, reaffirming his unwavering commitment to accumulating more Bitcoin, regardless of the price.

“I’m gonna keep buying,” Saylor emphasized, adding:

“I’ll be buying it at a million dollars a coin and I’ll probably be buying it at the rate of a billion dollars a day at a million dollars a coin, because that’s what I do.”

Bitcoin as "Digital Real Estate"

To illustrate his strategy, Saylor compared Bitcoin to Manhattan real estate. He noted that while Manhattan real estate was already "expensive" in 1930 compared to 1830, its value has only grown over time.

“Manhattan real estate’s really expensive in 1930. It’s a lot more expensive than 1830. I’m like, well, you know, 100 years later we’ll still be buying it and we’ll be paying a lot more. The only issue is, can you hold it for that time period? Because people are going to want to buy it,” Saylor explained.

This analogy underscores his view that Bitcoin’s increasing price reflects its long-term potential rather than signaling overvaluation.

Decentralization, Control, and Security

Saylor’s bullish stance on Bitcoin is rooted in its decentralized, incorruptible nature.

“Bitcoin gives you control of your money … You have to be on a network that won’t freeze you or censor you, and you’ve got to have an asset that nobody else can debase,” he explained.

Unlike fiat currencies that can be printed at will or financial networks that can freeze user accounts, Bitcoin’s decentralized infrastructure offers a unique store of value and financial sovereignty. For Saylor, these features make Bitcoin a superior form of wealth preservation in an uncertain global economy.

MicroStrategy’s Commitment to Bitcoin

Portnoy also pressed Saylor on whether his confidence in Bitcoin had wavered since MicroStrategy’s initial investment in 2020. Saylor acknowledged that early challenges tested his resolve.

“We bought $250 million at like $11,800 a coin, and then it crashed 20%. We lost $40 million in the next week and a half,” Saylor admitted.

But rather than retreat, Saylor doubled down. He described his decision to stay the course as a defining moment in his Bitcoin strategy.

“Once you’re committed, you’re in … I’m going to ride it to zero or we’re going to win, but I’ve decided I want to win,” he said.

This "all-in" approach exemplifies Saylor’s investment philosophy, one focused on long-term conviction rather than short-term price movements.

MicroStrategy's Recent Bitcoin Acquisition

MicroStrategy’s actions align with Saylor’s words. The company recently acquired an additional 21,550 bitcoins, bringing its total holdings to 423,650 BTC, valued at approximately $25.6 billion. This purchase reaffirms MicroStrategy’s role as one of the largest corporate holders of Bitcoin.

Saylor’s strategy, focused on the long-term appreciation of Bitcoin as "digital real estate," remains a powerful statement in the ongoing debate over Bitcoin’s future. While critics question the sustainability of Bitcoin’s price at $100K, Saylor’s unshaken resolve continues to influence market sentiment and inspire other institutional investors.