Michael Saylor, the chief executive officer of MicroStrategy, said Bitcoin could eventually be used by billions of people during a conference in Las Vegas.

Saylor's comments come as he seeks to reassure investors in the long-term value of the cryptocurrency following a period of significant volatility. His stance is critical for MicroStrategy, which has tied its corporate treasury strategy almost entirely to the digital asset.

Speaking at the Las Vegas Bitcoin Conference, Saylor addressed the recent market downturn. He said that the price of Bitcoin has dropped by nearly 50% over the past year [1]. Some reports specify that the price fell to about $60,000, a decline of more than 50% from a peak of $126,000 [4].

Despite these losses, Saylor said the asset's growth potential remains vast. "Right now it's touching 500 million people – there's no reason it can't touch five billion people," Saylor said.

MicroStrategy remains one of the largest corporate holders of the cryptocurrency. Saylor said the company owns nearly 850,000 Bitcoins [1]. The total value of these holdings is estimated at tens of billions of dollars [2].

Saylor defended the strategy by focusing on the scale of future adoption rather than short-term price fluctuations. He said that the fundamental value proposition of the asset remains intact despite the market's recent behavior.

“"Right now it's touching 500 million people – there's no reason it can't touch five billion people."”

The commitment of MicroStrategy to Bitcoin creates a high-stakes precedent for corporate treasury management. By maintaining a massive position of approximately 850,000 BTC during a 50% price correction, Saylor is signaling that he views the asset as a permanent store of value rather than a speculative trade. If Bitcoin fails to achieve the billion-user scale Saylor predicts, the company faces significant balance sheet risk.