Bitcoin Transitions from Currency to Digital Capital Infrastructure

Michael Saylor, co-founder and chairman of Strategy, has outlined a significant shift in Bitcoin's role. He describes it as transitioning from a peer-to-peer electronic currency into a foundational layer for global digital capital.

Saylor detailed how Bitcoin adoption is broadening across individuals, financial institutions, and governments, marking a maturation of the asset class.

He highlighted that investors now have multiple avenues to gain exposure, including spot ETFs, bonds, preferred stock, and derivatives, a stark contrast to the early days when self-custody was the primary method.