Michael Saylor, executive chairman of MicroStrategy, said that Bitcoin has transitioned from a fringe asset to a core component of global finance, driven by institutional and government support. He made this assertion during a keynote at Binance Blockchain Week in Dubai, emphasizing the mainstream rise of cryptocurrency.
"Bitcoin is the foundation of economic markets — its trading power exceeds Google, Microsoft, and even the Navy's spending power," said Michael Jerry Saylor. "This is not rhetorical — you have advocates in the cabinet, even the head of the FBI; a president supporting this asset class, and that's a big deal."
According to Saylor, Bitcoin's economic dominance is highlighted by its rapid growth amid favorable U.S. policy shifts. This development potentially influences global markets by positioning the cryptocurrency as a strategic reserve asset. The significance lies in its broader institutional acceptance, with Bitcoin's market capitalization surpassing $2 trillion and exceeding companies like Alphabet (Google). CoinDesk reported that Bitcoin achieved this milestone in August 2025, indicating its rising status among traditional assets.
Bitcoin's daily trading volume in 2025 has varied between $20 billion and $100 billion, surpassing the combined peaks of Google and Microsoft stocks. This supports Saylor's view of Bitcoin's superior "trading power" as a measure of liquidity and market influence. According to Stocktwits, these volumes highlight Bitcoin's robustness compared to some established entities.
Echoing Saylor's optimism, Binance CEO Richard Teng remarked at the same event that "crypto is fast becoming the global infrastructure layer," noting the U.S. shift from anti-crypto stances to aspiring as the world's crypto capital. SEC Chair Paul Atkins confirmed on CNBC that the U.S. government has given Bitcoin its "stamp of approval," indicating an end to regulation by enforcement and a pivot towards innovation. Treasury Secretary Bessent mentioned that the government is exploring ways to acquire more Bitcoin.
The U.S. administration under President Trump has formalized support for Bitcoin through an executive order establishing a strategic Bitcoin reserve, retaining seized assets and exploring further acquisitions without direct taxpayer purchases. This policy aims to strengthen America's position in digital finance amid global competition. As reported by the Associated Press, this move led to soaring crypto prices in March 2025, illustrating governmental endorsement's impact on the market.
Michael Saylor is also known as the founder and executive chairman of MicroStrategy, a business intelligence firm that has accumulated over 200,000 Bitcoins, making it one of the largest corporate holders. The company adopted Bitcoin as its primary treasury asset in 2020, a strategy contributing significantly to its stock performance. Reuters reported that MicroStrategy's healthy capital structure supports its aggressive Bitcoin accumulation strategy, positioning Saylor as a prominent advocate in the cryptocurrency space.
