Strategy founder Michael Saylor published a lengthy post stating that the biggest evolution of Bitcoin in the next decade will come from "less changes" at the protocol layer, along with the expansion of capital markets, applications, and institutional adoption. He believes that Bitcoin should serve as a globally neutral, scarce digital capital and final settlement layer, and its future trajectory will be less dominated by the four-year halving cycle and more influenced by capital flows such as ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, and collateral. Saylor stated that innovation should occur more at peripheral layers like wallets, custody, Lightning, sidechains, digital credit, and institutional settlement, rather than easily altering Bitcoin's underlying protocol.