Michael Saylor, the founding father of Microstrategy, not too long ago shared his “21 Bitcoin guidelines” by way of social media. These rules not solely summarize his agency perception in cryptocurrency, but additionally reveal the underlying logic of the period of digital capital. By combining philosophy, economics and technological concepts, these guidelines are supported by the unconventional practices of microstrategy and mirror the inevitable change of the worldwide construction of wealth.
Bitcoin as a “digital singularity”
Within the “21 guidelines of bitcoin” of Saylor, the accent on Bitcoin “Irreplacability” And “Paradigm shift” is apparent. For instance, rule 7 claims that “bitcoin is the one actual asset within the universe”, a standpoint anchored in Bitcoin Decentralized property mechanism. In contrast to conventional property reminiscent of actual property or actions, Bitcoin is managed by non-public keys, eliminating the necessity for third -party guards. This property mannequin disrupts the standard financial definition of “property rights”, just like the disruption attributable to the problem of actions of the Dutch firm from Jap India to bodily commerce within the sixteenth century.
As well as, rule 4, “Bitcoin is motivated by chaos” and rule 5, “the one win-win recreation in a on line casino”, mix as an instance Bitcoin anti-fragility. A superb instance of this may be seen in Microstrategy's response to the turmoil of the worldwide market attributable to the COVVI-19 pandemic in 2020. The corporate has acquired Bitcoin aggressively, profiting from bond emissions and financing by financing by actions to proceed to extend your property. In February 2025, Microstrategy has greater than 400,000 bitcoins (value round 18 billion {dollars}), with an annual compound charge of 62%, far exceeding S&P 500 efficiency. This technique operates the ' Deliberate damping of fiduciary currencies in the midst of “chaos”, “use Bitcoin as a hedge.
From microstrategy to strategic change of world giants
Saylor's guidelines not solely signify private beliefs, however have additionally been validated by the aggressive implementation of microstrategy. Rule 20, “By no means Promote Bitcoin”, is mirrored straight within the firm's asset technique. Since 2020, Microstrategy has allotted 90% of its money circulation flows to Bitcoin purchases and amplified its yields by way of “Clever lever impact” (as the problem of bonds supported by Bitcoin). This has led to a “tremendous linear” correlation between the corporate's share worth and the worth of Bitcoin: every 10% improve within the Bitcoin worth causes a median improve of 15% of the share worth of microstrategy.
This mannequin has impressed different conventional corporations to comply with the plunge. For instance, in 2024, Saylor submitted a report back to Microsoft providing that the corporate allocates 30% of its $ 70 billion in money for Bitcoin. He predicted that this determination might improve the market worth of Microsoft from 1 to 4.9 billions of {dollars}. Though Microsoft didn’t undertake the proposal, know-how giants like Tesla and Sq. started to put money into Bitcoin. In 2025, international public corporations have greater than 1.2 million bitcoins, a rise of 500% since 2020, validating rule 15, “Bitcoin belongs to everybody”, in its inclusive potential.
From “chaos” to “digital capital infrastructure”
Saylor's guidelines present for the evolution of Bitcoin from a “marginal asset” to a “fundamental reserve”. Rule 13 calls bitcoin just like the “orange capsule”, an use of financial points – a metaphor that was supported throughout the aggressive rate of interest will increase within the American federal reserve in 2024. Whereas the dangers of world debt debt elevated, chain bitcoin transactions elevated by 300%, as establishments more and more thought of Bitcoin as an alternative to “gold digital ”. In the meantime, rule 12, “all fashions will likely be destroyed,” mentioned the failure of conventional analysis techniques. For instance, Microstrategy Prix / Worth ratio has diverted its basic rules of the software program firm and is now completely motivated by the worth of its Bitcoin holdings.
The massive -scale impact is seen in Rule 21, “Unfold Bitcoin With Love”, which highlights the neighborhood's impression. Saylor defended Bitcoin as a world financial customary because of public talking commitments, enterprise collaborations and academic initiatives (reminiscent of Bitcoin Open Supply monetary fashions). A notable instance of that is this system by El Salvador of the primary sovereign obligation labeled on the planet in 2023, elevating $ 650 million for the development of “Bitcoin Metropolis”, impressed by the leverage of microstrategy.
Guidelines of guidelines
Regardless of idealism within the guidelines of Saylor, it’s crucial to look at their limits. For instance, rule 9 advises the acquisition of bitcoin with “funds that you just can not afford to lose”, which contradicts the precept of conventional funding of “investing solely inactive cash”. Microstrategy itself was confronted with vital unrealized losses of virtually $ 3 billion when the Bitcoin worth dropped $ 16,000 in 2022, forcing the corporate to restructure its debt to mitigate liquidity pressures. As well as, rule 20, “By no means Promote”, can ignore the necessity to rebalance the portfolio. If Bitcoin volatility stays larger than that of conventional property, a very concentrated place in Bitcoin might amplify the monetary danger for companies.
