Saylor framed Bitcoin as digital gold—a store of wealth that, in his telling, has achieved global consensus and now functions as "digital capital." By his estimates, Bitcoin represents roughly two-thirds of the crypto economy's market capitalization, about 80% of its liquidity, and some 90% of its economic value. He argued the market is moving back into a bull phase, noting that the price bounced off the 200-week simple moving average roughly three months prior and had returned to a slight premium—a pattern he said is consistent with a fifteen-year horizon.