Bitcoin's New Identity: Industry Reshaping in the Eyes of Майкл Сейлор

In a recent CNBC interview (October 29), MicroStrategy founder Майкл Сейлор shared an interesting perspective: Bitcoin has transcended its role as a mere crypto asset and has evolved into a synonym for “digital capital.” Behind this judgment, it actually reflects a profound polarization happening across the entire crypto industry.

Two Camps in the Industry Are Taking Shape

According to Майкл Сейлор’s analysis, the current crypto ecosystem can be viewed as two distinctly different development directions:

One side is the “digital capital” camp represented by Bitcoin. The core value of these assets lies in their ability to store value, making them more like digital gold—stable, reliable, and with long-term preservation potential.

The other side is the “digital finance” ecosystem centered around various tokens, stablecoins, public chains, and DeFi protocols. This camp focuses more on liquidity, interactivity, and continuous innovation, representing the broad possibilities of crypto technology applications.

Industry Maturity Signals Behind the Polarization

Майкл Сейлор believes that this obvious polarization is not an industry problem but rather a sign of industry maturity. Just as traditional finance involves both long-term asset allocation and short-term financial transactions, the dual-track development of the crypto industry also indicates that a more complete, multi-dimensional ecosystem is forming.

This polarization means that Bitcoin is being repositioned—from a hot investment to a foundational asset, from a symbol of technological innovation to a store of value. Meanwhile, other tokens and DeFi are taking on the mission of driving industry innovation and exploring new applications.

A New Web3 Order Is Brewing

This industry observer believes that, based on this pattern, a brand-new Web3 order is gradually taking shape. Bitcoin’s status as “digital capital” is becoming increasingly clear, while other parts of the ecosystem are actively exploring the boundaries of financial functions. Such complementary relationships may shape the fundamental framework of future digital finance.