In a February 2024 interview with The Sujal Show, Bitcoin advocate Michael Saylor reiterated his stance on altcoins. He did not deny that some altcoins could yield hundredfold returns, but emphasized that such success is extremely difficult to predict and the success rate is minuscule.
He compared selecting quality altcoins to investing in startups: while a few companies may grow into giants like Apple or Google, the vast majority ultimately fade away. Among the thousands of crypto projects, very few can sustain value and survive. Historical data shows that most altcoins that emerged during the last bull market have significantly depreciated or completely vanished.
In contrast, Saylor views Bitcoin as a “currency index asset” — it does not rely on precise bets on individual projects but offers long-term returns that surpass those of gold and the stock market based on overall trends. He pointed out that Bitcoin's volatility has decreased from around 200 to about 40 over the past decade, and he expects that as institutional funds continue to flow in, its price volatility will gradually approach the stability of the S&P 500 index while maintaining significantly higher return potential.
Notably, at a previous industry summit, Saylor mentioned that Bitcoin-backed financial products (such as STRC preferred shares) could be deployed on chains like Ethereum or Solana. This statement was misinterpreted as a softening of his stance on altcoins. In reality, he was merely discussing the compatibility of technological infrastructure and did not endorse ETH or SOL as valuable independent investment targets. His core viewpoint has never changed: avoid participating in high-risk “startup lotteries” and instead choose predictable, reliable digital gold.
In short, Saylor is not against innovation; he opposes participating in the crypto market with a gambling mindset. For him, Bitcoin is the only digital asset that possesses scale effects, network effects, and long-term certainty.