Saylor: Bitcoin Could Be Global Digital Capital by 2036
Michael Saylor predicted bitcoin may serve as reserve capital, institutional collateral and a final settlement layer by 2036 while its base protocol stays largely unchanged.
Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), wrote in an essay on X last week that he expects bitcoin to become a global digital capital asset by 2036.
He predicted bitcoin would be more widely held by individuals as well as corporations, investment funds, banks and sovereign treasuries, and that some institutions would hold it on balance sheets as treasury reserve capital.
Saylor described bitcoin serving as collateral for digital credit markets and providing final settlement for high-value transfers, placing bitcoin in a role used for financial infrastructure and settlement.
He wrote that most product and service innovation would take place in layers built on top of bitcoin while the base protocol remains largely unchanged. He wrote, “Bitcoin’s job is not to become everything. Bitcoin’s job is to be the thing that does not change.”
Saylor expects banks and financial firms to operate services for credit, yield, derivatives, insurance, custody and structured products that use bitcoin as capital, collateral or settlement.
He listed conditions needed for his 2036 forecast: broad institutional reserve holdings of bitcoin; mature credit markets that accept bitcoin as collateral; meaningful use of bitcoin for large-value settlement; and durable financial products built around a stable protocol.
Saylor has guided Strategy Inc. to hold large amounts of bitcoin and has promoted the asset publicly over several years.
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