Michael Saylor, executive chairman of MicroStrategy, believes we’re entering the first real year of Bitcoin-focused treasury companies — businesses that manage their finances using Bitcoin instead of traditional currency. In a recent speech at the Bitcoin Treasuries Unconference, Saylor described this shift as the beginning of a new era built around “digital capital” and “digital intelligence.”

He explained how Bitcoin treasury companies are starting to use their digital assets like miners use energy — by recycling it into something useful. This means using Bitcoin not just for saving or investing, but as the foundation for new financial products.

Saylor pointed out two major changes happening right now:

1. **Institutions Are Warming Up to Crypto Again:** After years of hesitation and strict banking rules, many financial institutions are cautiously stepping back into the crypto space. Saylor noted that some regulators are now more supportive of Bitcoin, although many large banks are still moving slowly due to risk concerns.

2. **AI and Crypto Together Will Drive Innovation:** Saylor emphasized that companies using both AI and digital assets will have a major advantage. By using AI, these companies can design financial tools and products faster than traditional firms.

He gave an example of how Bitcoin can act as “digital capital” — a new kind of financial foundation. Just like crude oil was turned into gasoline, plastics, and other products, Bitcoin can be turned into equity, loans, and digital securities. These new financial tools could be tailored to specific countries or regulations. For example, Japan might see JPY-based Bitcoin yield products, with local companies like MetaPlanet leading the way.

Saylor envisions a future where financial markets run around the clock — 24/7/365 — powered by Bitcoin and blockchain technology. He believes treasury companies can lead this change by creating stable structures that aren’t easily shaken by market ups and downs.

In closing, Saylor encouraged companies to focus on building strong systems around Bitcoin, rather than listening to critics. He sees this movement as a push toward “perfect money,” where digital capital drives a new generation of financial innovation.

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