[Michael Saylor: The Biggest Evolution of Bitcoin in the Next Decade is Stability at the Protocol Layer, Expansion in Capital Markets and Application Layer] BlockBeats News, July 5 – Michael Saylor stated in a post that the biggest evolution of Bitcoin in the next decade will come from fewer changes at the protocol layer and greater contributions in other areas. He believes that Bitcoin's foundational layer will become more robust, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will build on Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform competing to add features; it is a monetary network. Its purpose is not to move fast and break things but to advance slowly and remain unbroken. Saylor stated that Bitcoin has won its first major battle, and the world is increasingly understanding that Bitcoin is digital capital, possessing attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment rails" but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The base layer is not optimized for coffee payments but is designed for final settlement, reserve assets, collateral settlement, and ultimate ownership transfer. He believes that while Bitcoin's four-year cycle remains important, it is no longer the dominant model. Over the next decade, Bitcoin's trajectory will be less driven by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halving events will tighten supply, while capital flows will determine the growth trajectory. Digital credit will accelerate Bitcoin adoption, connecting Bitcoin capital with the broader financial system. Saylor stated that the main question for the next decade is not whether Bitcoin will survive but whether economic exposure will remain tied to real Bitcoin or if there will be an overproliferation of "paper Bitcoin." Custody transparency, proof of reserves, risk management, capital structure, and counterparty risk will all become increasingly important. He predicts that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and a critical collateral asset in the digital credit market, while the base protocol itself may change less than everything built around it. [Original Link]