Saylor Rebuts Bitcoin Skeptic, Calls Digital Capital the Killer App

The exchange captures a widening split in how bitcoin's maturation is framed: skeptics measuring it against its own volatile history versus proponents treating its accumulated market value as proof of a completed project. Saylor's framing of "digital capital" as the killer app is notable less as a rebuttal than as an attempt to shift the benchmark away from price action toward balance-sheet utility. That reframing matters for how corporates and treasuries justify holding it. Whether the market adopts that vocabulary, or keeps grading bitcoin on its rallies, is the open question.