Michael Saylor's speech: Bitcoin will reshape the global financial system; countries should seize the opportunities presented by the digital capital

On December 10, Michael Saylor delivered a keynote speech titled "Digital Capital, Credit, Money, and Banking" at the Bitcoin MENA conference, focusing on the transformative potential of Bitcoin in global finance. Saylor pointed out that American political figures, including Donald Trump, have recently recognized Bitcoin as a treasury reserve asset and presented data showing the growth of Bitcoin treasuries since 2020. He described Bitcoin as the "world's digital store of value," emphasizing its features such as no expiration limit, no counterparty risk, no event risk, no confiscation risk, no holding costs, high portability, and final settlement within minutes. In his speech, he compared the performance of different asset classes: fiat currency depreciation rate at -1.4%, inflation rate at 7.5%, stock returns at 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 volatility. He firmly stated: "Our purchasing power will exceed all sellers in the market, and we will not suffer from purchase fatigue." He was more direct: "Our goal is to acquire every available Bitcoin in the market." He concluded by calling on countries, especially those in the MENA region, to adopt Bitcoin as digital capital, credit, and money, predicting that the process of Bitcoin adoption will accelerate, bringing an era of digital abundance.