Michael Saylor's Speech: Bitcoin Will Reshape the Global Financial System, and Countries Should Seize the Opportunity of the Digital Capital Revolution

Michael Saylor delivered a keynote speech titled "Digital Capital, Credit, Currency, and Banking" at the Bitcoin MENA conference, focusing on the transformative potential of Bitcoin in global finance. Saylor pointed out that U.S. politicians, including Donald Trump, have recently acknowledged Bitcoin as a treasury reserve asset and presented growth data for Bitcoin treasuries since 2020.

He described Bitcoin as "the world's digital value carrier," emphasizing its characteristics such as no expiration limits, no counterparty risk, no event risk, no confiscation risk, no holding costs, high portability, and final settlement within minutes. Through DuPont analysis, Saylor demonstrated Bitcoin's superior capital efficiency compared to traditional finance. In his speech, he compared the performance of different asset classes: the depreciation rate of fiat currency was -1.4%, the inflation rate was 7.5%, stock returns were 12.1%, while Bitcoin's annual compound growth rate reached 34.2%.

Saylor warned of risks in the traditional system, such as currency depreciation, and positioned Bitcoin as a tool to hedge against volatility. He firmly stated, "Our purchasing power will exceed that of all sellers in the market, and we will not experience buyer fatigue." He further asserted, "Our goal is to acquire every Bitcoin available in the market." He concluded by calling on countries, especially those in the MENA region, to adopt Bitcoin as digital capital, credit, and currency, predicting that the process of Bitcoinization will accelerate, ushering in an era of digital abundance.