Michael Saylor really got the crowd going at Binance Blockchain Week in Dubai, boldly announcing that Bitcoin has officially entered its “digital capital era.” He explained this is happening because of support from politicians in the U.S., a surge in big companies getting involved, and a worldwide move towards money that’s digital from the start.
This was Saylor’s first time speaking at the event in the UAE, and he pointed out that the last year was a major milestone because the U.S. government has started to accept Bitcoin, and federal agencies have cleared the way for banks to handle, lend, and hold onto crypto assets.
He pointed out that big banks like JPMorgan, Citi, Schwab, and BNY Mellon have gone from pushing back to fully embracing something new, calling it the quickest turnaround in banking history. Saylor believes Bitcoin now has incredible economic, political, and computing strength, making it the basis for a brand new worldwide financial system.
He also explained how MicroStrategy has become a digital treasury, using its huge Bitcoin reserves to offer digital credit products. He mentioned that these products are better than traditional credit when it comes to returns, clarity, and how smoothly they work.
Saylor stressed that digital credit is going to change the way countries, businesses, and people save and make money, describing it as a game-changer that can fix the world’s broken credit and banking systems.
As he wrapped up his session, Saylor encouraged everyone to get on board with the ups and downs and the general buzz of the crypto world.“Digital is transforming everything,” he said. “If you want the future, run toward the fire.”