Michael Saylor Speech: Bitcoin Will Reshape the Global Financial System, Countries Should Seize the Opportunity of the Digital Capital Revolution
On December 10, news reported that Michael Saylor delivered a keynote speech titled “Digital Capital, Credit, Currency, and Banking” at the Bitcoin MENA conference, emphasizing Bitcoin's transformative potential in global finance. Saylor pointed out that U.S. politicians, including Donald Trump, have recently recognized Bitcoin as a treasury reserve asset and presented data on the growth of Bitcoin treasuries since 2020. He described Bitcoin as the “world's digital value carrier,” highlighting its features such as no expiration limits, no counterparty risk, no event risk, no confiscation risk, no holding costs, high portability, and final settlement in minutes. In his speech, he compared the performance of various asset classes: the depreciation rate of fiat currency is -1.4%, the inflation rate is 7.5%, the stock return rate is 12.1%, while Bitcoin's annual compound growth rate reaches 34.2%.
Saylor warned of risks in the traditional system, such as currency depreciation, positioning Bitcoin as a tool for hedging volatility. He firmly stated, “Our purchasing power will surpass all sellers in the market, and we will not experience buyer fatigue.” He further remarked, “Our goal is to acquire every Bitcoin available in the market.” He concluded by calling on countries, especially those in the Middle East and North Africa, to adopt Bitcoin as digital capital, credit, and currency, predicting that the process of Bitcoinization will accelerate, ushering in an era of digital abundance.
