Michael Saylor Says Bitcoin Will Outperform the S&P 500 Over Time

Michael Saylor said during an interview with CNBC that he expects Bitcoin to continue outperforming traditional markets over the long term, despite recent volatility across crypto and macro markets.

“We think Bitcoin’s going up more than the S&P index over time,” Saylor said. “We expect 30%, but it doesn’t matter if it’s 10 or 20%.”

The Strategy founder argued that Bitcoin is entering a stronger phase after correcting from previous highs. According to him, the market now has solid support levels while investors wait for macro conditions and regulation to improve.

On the CLARITY Act and Tokenization

Saylor pointed to the potential passage of the CLARITY Act as one of the biggest catalysts for crypto markets.

“I think the passage of the CLARITY Act will be a big deal,” he said.

He also highlighted growing interest in tokenization and digital assets from regulators and financial institutions. According to Saylor, SEC guidance allowing tokenized securities and digital assets could significantly accelerate blockchain adoption across financial markets.

“The real power of tokenization is that it creates a free market in credit formation and yield for asset owners,” Saylor explained.

Strategy’s Expanding Bitcoin Bet

During the interview, Saylor revealed that Strategy continues aggressively buying Bitcoin and believes the company could theoretically absorb all newly mined BTC for decades.

“The credit market itself is absorbing all of the organic supply of Bitcoin from now to forever,” he said.

Strategy currently holds roughly $65 billion worth of Bitcoin, making it one of the largest corporate BTC holders globally. Saylor claimed the company’s long-term approach allows it to outperform traditional investment structures tied to the S&P 500.

Digital Credit and Bitcoin Yield Products

Saylor also discussed Strategy’s “digital credit” products tied to Bitcoin appreciation. The model uses preferred stock structures to generate yields for investors while preserving long-term Bitcoin upside for shareholders.

“If you’re a crypto believer and you have working capital, you want to buy digital credit because you get paid four times the money market after tax,” Saylor said.

Despite continued skepticism from some traditional investors, Saylor remains highly bullish on Bitcoin’s future. He argued that growing adoption, tokenization, and institutional participation continue proving that crypto is becoming a permanent part of the global financial system.