For years, Bitcoin’s fiercest advocates have called it “digital gold.” Now, Michael Saylor says that moment has officially arrived.

In a recent discussion, the Strategy founder described Bitcoin as the modern world’s most secure form of capital — a technological evolution of the gold standard that once powered the global economy. What began as an alternative asset, he said, has now matured into a pillar of institutional finance.

A New Era of Monetary Collateral

According to Saylor, Bitcoin’s shift from speculation to legitimacy began with the approval of U.S. Bitcoin ETFs, which opened the door for pension funds, corporations, and asset managers to treat it as a reserve-grade store of value. But the real transformation, he argued, is only beginning.

“Gold once backed the entire Western financial system,” Saylor said. “Now Bitcoin is playing that role — only this time, it’s global, borderless, and digital.”

He believes this transition will soon redefine how credit itself is created. In the 20th century, loans were issued against vaults of gold; in the 21st, they’ll be issued against cryptographic reserves. “Bitcoin is becoming the collateral base for a new generation of digital credit instruments,” he noted.

Tokenization Sparks a Broader Financial Revolution

Saylor also pointed to the rapid expansion of on-chain finance — the tokenization of currencies, stocks, bonds, and other assets. The speed of this transformation, he said, has given new energy to blockchain networks like Ethereum, which are increasingly used to digitize and settle traditional assets.

“The financial system is rebuilding itself in real time,” he observed. “Money, debt, and ownership are all migrating onto programmable networks. The entire architecture of finance is being re-coded.”

Wall Street’s Slow but Steady Embrace

Institutional acceptance, long seen as Bitcoin’s final barrier, is also accelerating. Major banks including JPMorgan, Citibank, and Wells Fargo have quietly adjusted their policies, now recognizing Bitcoin and Ethereum as acceptable collateral for certain credit operations.

For Saylor, this signals a fundamental shift. “We’re not talking about adoption anymore,” he said. “We’re talking about integration. The financial establishment isn’t fighting Bitcoin — it’s beginning to use it.”

Strategy’s Vision: Building the World’s Largest Bitcoin Treasury

Saylor’s own company, Strategy, has become the blueprint for corporate Bitcoin accumulation. As the first Bitcoin-focused firm to receive an S&P Global credit rating, it has drawn the attention of major funds — among them, BlackRock’s PFF.

He envisions the company eventually holding up to $300 billion worth of Bitcoin, a move he says would establish Strategy as the digital-era equivalent of a global central bank reserve. “Our goal is simple,” Saylor said. “We’re building the foundation of the world’s digital capital markets.”

From Store of Value to Core Infrastructure

Bitcoin, Saylor believes, is no longer a fringe asset chasing recognition — it’s becoming infrastructure. Just as gold once anchored financial stability, Bitcoin is emerging as the trust layer of an increasingly tokenized economy.

“The debate is over,” he concluded. “Bitcoin is digital gold. The next step is using it to rebuild the financial world around it.”