Saylor Sees Institutional Flows as New Driver of Bitcoin Growth

Michael Saylor, founder of Strategy, says that Bitcoin's four-year halving cycle is gradually losing its significance. The growth driver has shifted to institutional capital flows, which he believes will continue to drive the market forward.

Saylor argues that the network's base layer should remain unchanged and conservative, with all innovation built on additional layers. Over the next decade, he predicts that Bitcoin will see fewer protocol-level changes, but its role in the global financial system will grow substantially.

The main growth drivers for Bitcoin now include institutional capital flows from various sources such as U.S. spot bitcoin ETFs, corporate treasuries, sovereign reserves, bank lending, derivatives, insurance products, collateral instruments, and global savings.