Michael Saylor’s Bitcoin Playbook Is Going Mainstream: Here’s Why

Key Points

1. Bitcoin is evolving from a passive store of value to productive financial infrastructure, with ETFs opening access to a broader class of investors.

2. Around 30% of Ledn’s large loans are directed toward real estate, indicating Bitcoin's growing role as collateral for productive capital.

3. Publicly traded companies are increasingly seeking Bitcoin exposure, recognizing its liquidity, transparency, and programmability as collateral.

4. The repeal of SAB 121 has removed restrictions on banks, facilitating Bitcoin's integration into traditional financial systems.

5. The market is maturing with a shift toward collateralized lending, contrasting with the uncollateralized lending failures of companies like Celsius and BlockFi.