Mars Finance News, July 5 - Michael Saylor stated that the biggest evolution of Bitcoin in the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that Bitcoin's base layer will become more stable, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will build on top of Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform racing to add features; it is a monetary network. Its purpose is not to move fast and break things, but to move slowly and not be broken. Saylor said that Bitcoin has already won the first important battle, and the world is increasingly understanding that Bitcoin is digital capital, possessing properties such as scarcity, durability, portability, divisibility, programmability, and global transferability. Bitcoin's strongest version is not to "replace all payment rails," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The base layer is not optimized for coffee payments, but for final settlement, reserve assets, collateral settlement, and final ownership transfer. He believes that Bitcoin's four-year cycle is still important, but it is no longer the dominant model. In the next decade, Bitcoin's trajectory will be less driven by miner issuance and more by capital flows such as ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halvings tighten supply, while capital flows determine the growth trajectory. Digital credit will accelerate Bitcoin adoption, connecting Bitcoin capital with the broader financial system. Saylor said that the main question for the next decade is not whether Bitcoin will survive, but whether economic exposure will remain connected to real Bitcoin or result in excessive "paper Bitcoin." Custody transparency, proof of reserves, risk management, capital structure, and counterparty risk will all become important. He predicts that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and serve as a key collateral asset in digital credit markets; while the base protocol itself may change less than everything built around it.

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Michael Saylor: The biggest evolution of Bitcoin in the next decade is that the protocol layer remains stable, expanding in the capital markets and application layer.

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