Michael Saylor, executive chairman and founder of Strategy, said Thursday that Bitcoin is expected to outperform the S&P 500 over time [1].
Saylor's outlook comes as the company integrates complex financial instruments to increase its holdings of the digital asset. The shift toward digital credit products represents a broader attempt to institutionalize Bitcoin as a primary reserve asset for corporations.
Speaking on CNBC's "Squawk Box" program on May 21, 2026, Saylor said Strategy's bitcoin-backed digital credit income products [1, 2]. He said that institutional demand and these specific credit products are now absorbing nearly all newly-mined Bitcoin entering the market [3].
Despite the bullish long-term forecast, the market has seen recent volatility. Bitcoin has declined about 12% year-to-date [2], with the price hovering around $77,000 [4]. However, Strategy stock has outperformed the S&P 500 during the same year-to-date period [4].
Saylor said the company's financial strategy is aggressive, utilizing various equity tools to accumulate more assets. "Our preferred stock now serves as jet fuel for buying Bitcoin," Saylor said [5].
This approach relies on macro tailwinds and the belief that digital credit will provide a sustainable income stream, while maintaining exposure to the asset's price appreciation. Saylor said the market is positioned to rally as it moves into the spring season [2].
“"We expect Bitcoin to go up more than the S&P 500 over time."”
The strategy employed by Michael Saylor shifts Bitcoin from a speculative retail trade to a corporate treasury tool. By using preferred stock and digital credit products to fund acquisitions, Strategy is effectively leveraging its balance sheet to bet on the long-term scarcity of Bitcoin, potentially creating a blueprint for other institutional adopters.
