Strategy Executive Chairman Michael Saylor said Bitcoin has moved beyond its original role as a peer-to-peer payment network, arguing that the cryptocurrency is becoming a broader financial asset.
In a post titled “The Bitcoin Reformation,” Saylor said individuals, companies, banks, exchanges, funds and governments now use Bitcoin. His comments came as Bitcoin traded above $79,000 following a strong weekly rally.
Bitcoin Moves Beyond Early Ideology
Saylor also questioned some of the ideas that shaped Bitcoin’s early years, saying principles meant to protect users should not prevent the network from expanding.
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“Self-custody remains a vital right and a competitive check,” Saylor wrote, while adding that it “is not a universal duty.”
He said users should be able to choose between holding Bitcoin themselves and using professional custodians. Investors, he added, should weigh the risks of each approach rather than reject institutional custody outright.
Bitcoin as Digital Capital
Saylor described Bitcoin as “digital capital,” saying it could play a role in equity, debt and credit markets alongside existing financial systems.
He also defended exchange-traded funds and other Bitcoin-linked products as a way to broaden access to the asset. In a separate comment on Aug. 6, Saylor said he expects Bitcoin to gain about 30% annually over the next two decades.
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