Saylor just dropped a nuclear take that'll piss off the maxis:
$BTC isn't money. It's capital. Full stop.
His vision? A $BTC-backed stablecoin that pays yield. That's your medium of exchange. Not raw sats.
Digital currencies win the payments war. $BTC wins the store-of-value war.
He's basically saying the OG "$BTC as peer-to-peer cash" dream is dead. 99.9% of prices are fiat-denominated and that's not changing.
This is the MicroStrategy playbook scaled to nation-state level. Stack $BTC as treasury reserve. Build yield-bearing stables on top.
The maxis are gonna lose their minds but he's probably right about adoption reality. $BTC doesn't need to be Visa to win. It needs to be digital gold with a DeFi layer.
Bullish or cope? You decide.
$BTC isn't money. It's capital. Full stop.
His vision? A $BTC-backed stablecoin that pays yield. That's your medium of exchange. Not raw sats.
Digital currencies win the payments war. $BTC wins the store-of-value war.
He's basically saying the OG "$BTC as peer-to-peer cash" dream is dead. 99.9% of prices are fiat-denominated and that's not changing.
This is the MicroStrategy playbook scaled to nation-state level. Stack $BTC as treasury reserve. Build yield-bearing stables on top.
The maxis are gonna lose their minds but he's probably right about adoption reality. $BTC doesn't need to be Visa to win. It needs to be digital gold with a DeFi layer.
Bullish or cope? You decide.