MicroStrategy CEO Michael Saylor says one particular type of crypto-related business will be the most successful over the next 10 years.
In a new interview, Saylor says that compliant custodial businesses who provide access to Bitcoin will likely earn the most from crypto in the next decade.
“People chronically underinvest in businesses that are centralized, custodial, compliant businesses that could plug into Bitcoin. You can make $100 billion if you’re Fidelity plugging into Bitcoin harder, so why don’t you go figure out how to sell that to Fidelity? If you want to plug Bitcoin into Apple computer, it might be worth a trillion dollars.
But Apple’s custodial, but Apple’s compliant. I get it, but it’s still a trillion-dollar opportunity.
I’m a crypto person. I want to go decentralized, non-compliant. Here’s the issue: is it going to be purest pure-play cryptos that are going to make all the money in the next stage or is it going to be compliant custodial institutions that plug into Bitcoin that are going to make all the money in the next decade? Obviously, I happen to believe that the custodial public institutions have more opportunity than all of the crypto entrepreneurs do.”
Saylor says that despite the profit potentials of custodial public institutions, crypto entrepreneurs still miss the opportunity.
“The crypto entrepreneurs don’t want to think that because if you don’t have a bank and if you’re not an Apple computer, if you don’t have a country, then you can’t do that, right?
You want to create your own country. You want to create your own bank. You want to create your own social network. If you don’t have it, okay fine. It’s a free world. Everybody should be able to do whatever they can do and something good will come out of that one out of a thousand, one out of ten thousand things. They’ll be the Instagram or the Facebook that’ll just explode, and they’ll have 99.9% failure rate, and the rest of things will all crash and burn, and I don’t know which one will succeed.”
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The post These Crypto Entrepreneurs Will Be the Most Profitable Over the Next Decade: MicroStrategy CEO Michael Saylor appeared first on The Daily Hodl.
