Bitcoin News Today: Bitcoin Champion Saylor Compares BTC to Electricity in Financial Revolution

Michael Saylor, founder of MicroStrategy, emphasized the revolutionary potential of Bitcoin during an appearance on Fox Business’s Making Money program, arguing that the digital asset remains misunderstood by Wall Street. Saylor described Bitcoin as “a virus of freedom” and a “monetary structure based on truth,” highlighting its decentralized nature and global support. He compared the Bitcoin network to “an unstoppable swarm of hornets,” underscoring its resilience and collective strength [1].

Saylor likened Bitcoin’s trajectory to that of electricity and gasoline a century ago, both of which were initially dismissed but eventually became foundational to modern life. He asserted that Bitcoin is undergoing a similar transformation in finance, enabling companies to double their capital annually through digital asset integration. Saylor noted that over 100 companies now include Bitcoin in their balance sheets, a shift he framed not as a disruption but as a fundamental evolution of capital markets [1].

MicroStrategy’s own experience with Bitcoin illustrates this transformation. The company reported a 4.4% return on its Bitcoin holdings in the current quarter and a 25% return since the beginning of the year. Saylor explained that MicroStrategy uses credit instruments to amplify Bitcoin returns, offering investors exposure to the asset class while maintaining transparency through evolving accounting standards [1].

Despite these gains, Saylor pointed out a striking disconnect in traditional valuation metrics. He noted that MicroStrategy ranks ninth in profitability in the S&P 500 by operating income but only 96th in market capitalization. This disparity, he argued, reflects Wall Street’s continued struggle to incorporate the value of Bitcoin into conventional financial frameworks [1].

Saylor also envisioned a future where Bitcoin facilitates seamless global money transfers, particularly through digital wallet platforms like Telegram. He predicted that with new administrations and innovation-driven policies, the financial system will accelerate its digital transformation. He described this shift as part of a broader movement toward a decentralized, digital financial infrastructure [1].

For Saylor, Bitcoin is not merely an investment but a foundational element of a new economic era. While traditional institutions may still be catching up, he remains confident in the inevitable rise of Bitcoin as a global financial tool. As he stated, “What electricity is today, Bitcoin will be tomorrow.”

Source: [1] Bitcoin Bull Michael Saylor Speaks About the Future of BTC (https://coinmarketcap.com/community/articles/68911e159d7def5673c1c185/)