在最近的一次採訪中，邁克爾·塞勒（Michael Saylor）討論了他對BTC市場未來的願景

在最近的一次採訪中，Micale Saylor討論了他對BTC市場未來的願景。他大聲疾呼，在2045年，全世界將由使用比特幣作為主要貨幣的高級AI主導。

In a recent interview, Micale Saylor, the renowned figure in the cryptocurrency domain, shared his insights into the future of the BTC market. As the company president and also the founder of the company known as Strategy, Saylor is a familiar face in the industry. Notably, he was one of the first people to create a corporate Bitcoin investment firm. Back then, in 2020, as the president of the software firm, MSTR, he started investing in the flagship cryptocurrency.

在最近的一次採訪中，加密貨幣領域的著名人物米切爾（Micale Saylor）分享了他對BTC市場未來的見解。作為公司總裁，也是該公司被稱為“戰略”的創始人，Saylor是行業中熟悉的面孔。值得注意的是，他是最早創建公司比特幣投資公司的人之一。當時，在2020年，作為軟件公司MSTR的總裁，他開始投資旗艦加密貨幣。

Now he has turned a small software firm into a stock market giant. In the interview, Saylor further discussed his vision for the future of the BTC market. According to him, in 2045, the world would be dominated by advanced AI that uses Bitcoin as the main currency. As such, the BTC market capitalisation will soar to $200 trillion as it becomes the settlement layer for AI agents.

現在，他將一家小型軟件公司變成了股市巨頭。在採訪中，塞勒進一步討論了他對BTC市場未來的願景。據他說，2045年，全世界將由使用比特幣作為主要貨幣的高級AI主導。因此，BTC市值將飆升至200萬億美元，因為它成為AI代理商的結算層。

During the interview, Saylor also touched upon the importance of other nations adopting Bitcoin and how this will ultimately lead to a "geopolitical" move by the US to make BTC the main fiat currency. A Crypto Diplomat: Michael Saylor’s Bitcoin Mission

在採訪中，塞勒還談到了採用比特幣的其他國家的重要性，以及這將最終導緻美國的“地緣政治”行動，使BTC成為主要的菲亞特貨幣。加密外交官：邁克爾·塞勒（Michael Saylor）的比特幣任務

suggest that none of the interviewed persons are affiliated with any of the organizations mentioned

暗示沒有一個被訪談的人隸屬於提到的任何組織

In order to make the international Bitcoin adoption a reality, Saylor is now ready to give speeches at all important finance events. Some of these gatherings include South America’s 100 wealthiest families and Middle Eastern sovereign wealth funds.

為了使國際比特幣採用成為現實，Saylor現在準備在所有重要的財務活動中發表演講。其中一些聚會包括南美最富有的家庭和中東主權財富基金。

Additionally, there are Morgan Stanley’s prestigious tech conferences, CPAC, and White House gatherings, such as Trump’s crypto summit. One of the main aims of his efforts is for other nations to create their own strategic Bitcoin reserve.

此外，還有摩根士丹利（Morgan Stanley）享有聲望的技術會議，CPAC和白宮聚會，例如特朗普的加密峰會。他努力的主要目的之一是其他國家創建自己的戰略比特幣儲備。

Based on Saylor’s claims, Bitcoin is now in “escape velocity,” as the US has adopted this currency. He argued that as the USA’s Bitcoin adoption increases, its allies will also be forced to create a strategic Bitcoin reserve.

根據Saylor的主張，比特幣現在處於“逃生速度”，因為美國採用了這種貨幣。他認為，隨著美國比特幣採用的增加，其盟友也將被迫創建戰略性的比特幣儲備。

This will trigger a domino effect, making BTC a global currency. “It becomes a fait accompli; It’s one of those geopolitical moves that when you embrace the network, you force all of your allies first to adopt it, and then all your enemies have to adopt it,” Saylor stated.

這將觸發多米諾骨牌效應，使BTC成為全球貨幣。塞勒說：“這成為既成的成就；這是當您擁抱網絡時，您首先強迫所有盟友採用它，然後所有敵人都必須採用它。”

The High-Stakes Strategy Behind Saylor’s BTC Buying Spree

Saylor的BTC購買狂潮背後的高風險策略

Additionally, Michael Saylor crypto strategy is also an innovative method that keeps the BTC buying pressure high. He clarified his strategy for the growth of both his company and Bitcoin.

此外，邁克爾·賽勒（Michael Saylor）加密策略也是一種創新的方法，可保持BTC購買壓力很高。他闡明了他的公司和比特幣增長的策略。

Based on his words, by purchasing BTC, the value of this currency goes up, and the value of MSTR increases. This will make MSTR’s leverage more expensive and will create demand for equity, making convertible bonds and shares more valuable. Saylor stated that “If you were to say, it sounds like financial engineering, it absolutely is financial engineering.”

根據他的言語，通過購買BTC，該貨幣的價值上升，MSTR的價值增加。這將使MSTR的利用更加昂貴，並會產生對股權的需求，從而使可轉換債券和分享更有價值。塞勒說：“如果您說，這聽起來像是金融工程，那絕對是金融工程。”

Table 1 – Provided by Strategy, published on Strategy.com, March 26, 2025.

表1 - 由戰略提供，於2025年3月26日在戰略上發表。

Although this strategy seems foolproof, there are still worries about the Strategy’s impending debts and due dates for the bonds. For example, a bond’s put date is coming up in September 2027.

儘管這種策略似乎是萬無一失的，但仍然擔心該策略即將來臨的債務和債券日期。例如，債券的排名日期將於2027年9月出現。

When this date comes, Strategy needs to persuade these bondholders to take MSTR stock instead of their cash. However, the bondholders might not agree with this method of repayment, and also don’t wait for the principal repayment.

當這個日期到來時，策略需要說服這些債券持有人購買MST股票而不是現金。但是，債券持有人可能不同意這種還款方式，也不要等待主要還款。

In such a case, Strategy needs to buy back the $1.8B loan with cash. In such a scenario, the company might be forced to liquidate BTC to pay the debt.

在這種情況下，策略需要以現金回購$ 1.8B的貸款。在這種情況下，該公司可能被迫清算BTC來償還債務。

Betting It All on BTC: Strategy’s Debt Plan Decoded

將其全部押在BTC上：戰略的債務計劃解碼

There are other ways for Strategy to pay its debts, such as by raising funds by using its BTC as collateral.

戰略還有其他方法可以償還債務，例如通過將其BTC作為抵押品籌集資金。

Additionally, Saylor also mentioned such a scenario and exclaimed that he will never sell Bitcoin. As such, Saylor has bet on BTC’s continued growth and prosperity. He stated, "We’ve built an indestructible balance sheet. Bitcoin could trade down 99%, but there’s no margin call coming."

此外，塞勒還提到了這種情況，並大聲疾呼他永遠不會出售比特幣。因此，Saylor押注BTC的持續增長和繁榮。他說：“我們建立了堅不可摧的資產負債表。比特幣可以下跌99％，但沒有任何保證金來電。”

So, as the crypto industry matures and reaches global adoption, we will see if Saylor’s crypto prediction is correct.

因此，隨著加密行業的成熟並達到了全球採用，我們將看到Saylor的加密預測是否正確。

However, Strategy can use some failsafe measures, as if BTC crashes, Strategy will not be able to repay its debts. Such a disastrous incident will be a blow to the crypto legitimacy and adoption and might send it back decades.

但是，策略可以使用一些故障保護措施，就好像BTC崩潰一樣，戰略將無法償還其債務。這樣的災難性事件將對加密貨幣的合法性和收養構成打擊，並可能將其寄回數十年。