Michael Saylor calls Bitcoin ‘digital capital’ - But BTC's bull case faces a reality test
Strategys Michael Saylor never misses a chance to praise Bitcoin [BTC] and its long-term potential. In a recent appearance on X, he went ahead and provided an investment thesis where he referred to Bitcoin as a form of “digital capital” and potentially a new global reserve asset. Why did Saylor refer to Bitcoin as an open global reserve asset? Strategy argues that Bitcoin combines qualities found across traditional assets – scarcity, portability, divisibility, global liquidity, independent verification, and the ability to transfer ownership without a central issuer. Hence, he believes that instead of viewing Bitcoin mainly as a payment network, investors should consider it as a store of wealth and potential hedge against the loss of purchasing power. However, in no sense did Saylor argue that Bitcoin must replace the dollar, banks, or traditional financial markets. Instead, he believes that Bitcoin could capture a portion of the monetary premium held in assets such as gold, real estate, equities, bonds, and collectibles. In fact, in a previous report published by AMBCrypto, Saylor called Bitcoin ‘digital monetary energy’ and said, Bitcoin is the engineering solution to the problem of money. Saylor does not view BTC through rose-colored glasses Besides shedding light on the theoretical aspect of Bitcoin. Saylor also highlighted a









