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Michael Saylor: The biggest evolution of BTC in the next decade is the stability of the protocol layer, while expanding in the capital markets and application layer

Michael Saylor stated that the biggest evolution of Bitcoin in the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that the foundational layer of Bitcoin will become more solid, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will build on Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform competing to add features, but a monetary network whose purpose is not to act quickly and disrupt things, but to move slowly and remain unbroken.Saylor indicated that Bitcoin has won the first important battle, and the world is increasingly understanding that Bitcoin is digital capital, possessing attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment rails," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The foundational layer is not optimized for coffee payments, but designed for final settlement, reserve assets, collateral settlement, and ultimate ownership transfer.He believes that the four-year cycle of Bitcoin is still important, but no longer the dominant model. In the next decade, Bitcoin's price movements will be driven less by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halving will tighten supply, while capital flows will determine the growth trajectory. Digital credit will accelerate Bitcoin adoption, connecting Bitcoin capital with the broader financial system.Saylor stated that the main question in the next decade is not whether Bitcoin can survive, but whether economic exposure is still connected to real Bitcoin or if too much "paper Bitcoin" is being formed. Custodial transparency, proof of reserves, risk management, capital structure, and counterparty risk will all become important.He expects that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and become an important collateral asset in the digital credit market; while the foundational protocol itself may change less than everything built around it.

Vietnamese police report on the progress of the ONUS cryptocurrency fraud case: over 350 kilograms of gold and silver have been seized and more than 300 bank accounts frozen

According to Vietnam's Youth Newspaper, the Ministry of Public Security of Vietnam recently held a press conference to report the latest investigation results of the ONUS cryptocurrency platform fraud case. More than 350 kilograms of gold and silver have been seized, transactions involving 8 properties valued at 20 trillion Vietnamese dong have been frozen, and transactions of over 300 involved bank accounts have been suspended.On March 23 of this year, the police filed criminal charges against 8 defendants, accusing them of using computer networks and telecommunications networks to commit property appropriation and money laundering. Since 2018, the individuals involved have taken advantage of the public's lack of understanding of cryptocurrency, creating digital accounts through applications and packaging them as virtual currency. They established trust and attracted investment through circular buying and selling among affiliated companies, thereby committing fund appropriation, with a total sale of cryptocurrency valued at over 70 trillion Vietnamese dong from 2018 to 2021.The case involves numerous individuals and users, with approximately 5 million user accounts opened. The police have received over 2000 reports from citizens. The public security authorities are investigating the possible accomplice responsibilities of KOLs and other internet celebrities and continue to make every effort to recover the embezzled funds.

Viewpoint: The next stage of tokenization will be "personalized portfolios," rather than just improving settlement efficiency

According to CoinDesk, Thomas Sy, head of multi-asset solutions at New York Life Investment Management (NYLIM), stated that the core application of the next phase of tokenization will be to achieve "personalized portfolio construction," rather than merely enhancing settlement efficiency or extending trading hours.NYLIM manages approximately $807 billion, with about $11 billion overseen by Sy's team. He pointed out that blockchain technology is expected to enable asset management institutions to customize complex portfolio strategies for different investors on a large scale, a capability that is currently difficult to achieve within the traditional financial system.Sy indicated that the core of asset management will shift towards "highly customized" solutions in the future, and blockchain is the only technological path that can achieve this goal at scale. He believes that tokenization is not just about putting ETFs, bonds, or private credit on-chain, but more importantly, about reconstructing the way portfolios are built.He also noted that current asset portfolios typically involve a mixed allocation of ETFs, bonds, and private assets, but due to operational complexities, personalized strategies are difficult to scale. Tokenization is expected to "embed customization logic into the assets themselves," reducing operational costs and enhancing efficiency.In addition, Sy stated that stablecoins have become a key entry point for traditional finance to enter the blockchain space, with the current scale of stablecoins exceeding $300 billion, being used for cross-border payments and fund management. He believes this trend will gradually drive institutional demand for on-chain income-generating assets.In the area of decentralized finance (DeFi), NYLIM is still researching related applications, but Sy emphasized that institutional participation still requires more mature infrastructure, including the improvement of tokenized collateral, clearing mechanisms, and the prime brokerage service system.
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