Saylor: Bitcoin will replace legacy finance through survival of the fittest

Michael Saylor, co-founder of MicroStrategy, predicted that Bitcoin will replace the existing financial system based on a Darwinian theory of survival of the fittest. In a recent interview, he described Bitcoin as the standard-bearer for the digital financial revolution. Saylor argued that money will eventually move at the speed of light. He contrasted Bitcoin, which circulates globally 24/7 with low value-transfer costs, with traditional financial markets that are constrained by trading hours, holidays, and regulatory barriers. Saylor added his belief that digital capital, capable of moving at the speed of light with minimal expense, will ultimately prevail, replacing the slower and more cumbersome legacy financial system.