Michael Saylor, founder and executive chairman of MicroStrategy, highlighted Bitcoin's significant institutional breakthroughs during a recent appearance on the What Bitcoin Did podcast. Saylor emphasized that Bitcoin's true success lies in its fundamental advancements, such as the adoption of fair value accounting standards and its acceptance by the banking credit system. He noted that by the end of 2025, around 200 companies are expected to hold Bitcoin on their balance sheets, marking a substantial increase from previous years. Saylor also discussed MicroStrategy's vision of building "digital credit," positioning Bitcoin as a universal capital of the digital age. He argued that holding Bitcoin is akin to a factory maintaining an electricity infrastructure, serving as a productivity tool rather than a speculative asset. Saylor dismissed short-term price predictions, advocating for a long-term perspective on Bitcoin's growth and institutional adoption. He also addressed concerns about market saturation, asserting that the potential for digital credit and Bitcoin-backed financial products remains vast.