The New Pillars of Global Finance: Bitcoin from Controversial Asset to Capital Platform

In recent months, a fundamental shift has occurred in the approach of global power institutions and capital towards bitcoin. This is not a market or tech community reorientation, but an acknowledgment from centers of power — from politics to traditional finance. These observations reflect a profound trend: bitcoin is completing a historic transformation, from a controversial investment tool to a core capital supporting the development of the global digital economy.

According to recent analyses, the value of bitcoin has reached $92.21K with a 24-hour increase of 1.50%, and the total market capitalization stands at $1,841.85 billion USD. These figures not only reflect market momentum but also serve as evidence of structural change in society’s perception of digital assets.

Part 1: The Tipping Point of the Financial System

Top-Level Policy Support

It’s undeniable that over the past year, the stance of global political leaders — especially in developed countries — has shifted significantly. No longer mere words without action, but concrete decisions manifested through:

• Integration into national strategies: Incorporating digital assets and bitcoin into long-term strategic frameworks, not just campaign promises, but with clear legal commitments.

• Key personnel appointments: Leadership positions in finance ministries, securities regulators, even trade and intelligence agencies have been filled with individuals openly supportive and knowledgeable about digital assets.

• System recognition: For the first time, bitcoin’s recognition has moved beyond fringe debates to become a policy consensus across administrative and supervisory sectors.

Traditional Banking System Collaboration

If political support signals change, the participation of the global banking sector is the tangible manifestation. Years ago, traditional financial institutions were distant from bitcoin, but now:

• Regulatory agencies like (OCC, FDIC, Federal Reserve) have issued clear guidelines allowing commercial banks to offer custody services for digital assets, accept bitcoin as collateral, and develop related credit products.

• Leading banks such as (JPMorgan, Bank of America, Citigroup) have moved from skepticism to active deployment, providing digital asset-related services to clients.

• This cooperation is not temporary, but reflects an awareness that bitcoin will be an inseparable part of the modern financial system.

Part 2: Why Bitcoin Can Fulfill This Role

The question is: what fundamental factors enable bitcoin to become a true core capital, not just a speculative asset?

Massive Social and Political Foundations

Bitcoin has a global community of hundreds of millions of users. In developed countries like the US, about 30% of voters have committed to supporting cryptocurrencies, forming a voting bloc that no politician can ignore. This social base provides natural protection against sudden policy risks and incentivizes favorable legal decisions.

Historical Scale of Capital Accumulation

Over $1 trillion USD of actual capital has been permanently injected into the bitcoin system by financial organizations. Take MicroStrategy as a prime example:

• The company has committed to investing around $48 billion USD, holding 3.1% of the total circulating bitcoin.
• These are not short-term investments or speculation, but strategic choices viewing bitcoin as a core reserve asset on the balance sheet.
• This long-term commitment from publicly listed companies proves that bitcoin has matured enough to serve as a store of value.

The Most Powerful Decentralized Computing Network Globally

Bitcoin’s computational power exceeds 1,000 EH/s, surpassing the combined total of all data centers of giant tech firms. The network, composed of millions of mining devices worldwide, forms an impenetrable barrier to protect the distributed ledger. The security it provides far exceeds any centralized system, including traditional financial infrastructure.

Connection to Physical Energy

Bitcoin’s network consumes about 24 GW of electricity — equivalent to the maximum capacity of 24 large nuclear power plants. This consumption even exceeds the operational needs of the entire US Navy. This large-scale real energy usage links the digital asset’s value to the physical world, demonstrating that bitcoin’s value is not an abstract concept, but backed by tangible global energy transformation.

Part 3: From Primitive Capital to Digital Credit: The MicroStrategy Model

A true leap occurs when bitcoin capital is transformed into financial instruments capable of serving broad economic needs. MicroStrategy exemplifies how to turn “raw capital” into “efficient digital credit.”

Corporate Capital Restructuring Strategy

Traditional corporate finance faces a fundamental contradiction:

• Cost of capital for the company (expected stock return rate around 14%) is much higher than the cash yield (about 3%).
• This gap continuously erodes shareholder value over time.

MicroStrategy’s strategy is:

1. Issue capital: Raise funds via stock or bond issuance at costs around 6%-14%.
2. Convert into bitcoin: Use this capital to buy bitcoin, which has an historical average annual return of about 47%.
3. Create value surplus: The difference between bitcoin’s return and the cost of capital generates a large surplus, expanding and strengthening the company’s capital structure.

This is a fundamental shift from “value erosion” to “value creation.”

Building Digital Credit Products

However, due to bitcoin’s high volatility, it cannot directly serve all investors. MicroStrategy has designed a series of credit products to convert volatility into stable cash flow:

STRC — Core Product

• Position: “High-yield savings account”
• Stable price around $100 USD, minimal fluctuation
• Annual yield: about 10.8%, paid monthly interest
• Targeted at investors seeking steady income without facing principal volatility

Tiered Risk Products

• STRF (and Euro version): Ultra-priority, safest, with yields around ~9%
• STRD: Long-term structured product, high yield up to 12.9%
• STRK: Structured product allowing investors to receive interest while retaining a portion of bitcoin’s upside

Revolutionary Tax Efficiency

• By paying dividends as “return of capital” instead of “taxable interest,” investors enjoy near tax-free cash flows.
• STRC with a nominal yield of 10.8% provides a real after-tax yield of about 17% for US investors — vastly outperforming bank savings or money market funds.

Part 4: Reordering the Global Credit System

These developments signify more than just a single company or product. They herald a system-wide restructuring of global credit.

Fixing the Distorted Yield Curve

In many developed countries (Switzerland, Japan, etc.), near-zero or negative interest rates have persisted for years, preventing traditional financial systems from offering real returns to savers. Digital credit tools based on bitcoin can provide:

• Stable yields over 10% in local fiat currency
• Protection of purchasing power for savers
• Solutions to financial suppression issues faced by developed nations

Upgrading Traditional Credit Models

Compared to traditional bank credit or corporate bonds, digital credit has inherent advantages:

• Extreme transparency: Collateral ratios, risk models updated publicly every 15 seconds
• Uniformity: Clear underlying assets, no discrepancies
• Excellent liquidity: Bitcoin is among the most liquid assets globally; credit products also trade actively
• Efficient issuance: Hundreds of millions USD in credit limits can be established and allocated within a day, unlike years in traditional finance

Global Demand for “Bitcoin Treasury Companies”

MicroStrategy’s model can be widely replicated:

• Local “bitcoin treasury companies” will emerge in Japan, Korea, Europe, and other regions
• Each company will use the same logic to provide efficient digital credit for their domestic markets
• The result will be a new, global financial ecosystem, open competition, built on bitcoin’s foundation

Part 5: Volatility as the Energy of the Digital Era

When discussing bitcoin, volatility always arises. But a philosophical perspective can change how we view this:

Volatility is not a flaw — it is an external manifestation of enormous energy density.

Just as nuclear reactions contain vast energy, bitcoin’s price fluctuations reflect the immense energy it accumulates and transforms into the “capital engine” of the digital age.

Clear Choices

With this understanding, choices for individuals and organizations become clear:

If you pursue long-term growth and can tolerate volatility:

• Directly hold bitcoin and other digital assets
• Fully benefit from strong growth

If you need steady cash flow or have low risk appetite:

• Invest in digital credit tools (like STRC)
• Benefit from the growth of the bitcoin network
• Effectively manage volatility risks

If you are a business or builder:

• Integrate the “bitcoin capital + digital credit” model into your balance sheet
• Achieve leapfrogging financial efficiency

Conclusion: The Future is Digital

The change we witness is not merely about prices or investments — it’s about systemic restructuring. From information to assets, from assets to foundational rules of finance, everything is being digitized.

Bitcoin and the new financial system it supports are the “energy source” at the core of this restructuring.

A word of advice to all participants: “Don’t run from the fire — learn to walk through the flames.”

In the wave of digital civilization sweeping the globe, bitcoin is not just an investment object — it is a fundamental platform to understand and participate in the future.