ChainThink reports that on July 5, Michael Saylor posted on X that the biggest evolution of Bitcoin over the next decade will not be frequent changes at the protocol layer, but rather a stable foundational protocol accompanied by continuous expansion in capital markets and application layers.
He believes that Bitcoin’s base layer will become more robust, capital markets will continue to deepen, its application scope will expand, institutions will keep entering, and more economic activity will be built on top of Bitcoin.
Saylor defines Bitcoin as a monetary network rather than a tech stock, payment company, or software platform with rapidly evolving features, emphasizing that its core objective is stable operation rather than rapid change. He also stated that the Bitcoin four-year cycle remains important, but is no longer the dominant model.
Over the next decade, its price movement will be less influenced by miner issuance and more driven by capital flows such as ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings; halvings will control supply tightening, while capital flows will determine the growth trajectory.
Saylor said that the key question over the next decade is no longer whether Bitcoin can survive, but whether economic exposure will remain tied to actual Bitcoin or if too much "paper Bitcoin" will emerge.
He expects that by 2036, Bitcoin will be more widely held, more institutionalized, and serve as a key collateral asset in the digital credit market.