Following Bitcoin's worst weekly performance in nearly two years, Strategy Executive Chairman Michael Saylor published an article on the X platform. Foreign media reports that he summarized the current Bitcoin community into four different forces, arguing that these groups are not opposed to each other, but rather collectively shaping Bitcoin's long-term direction.
The four groups each have their own division of labor.
Saylor defines the first group as "extreme Bitcoin supporters." This group views Bitcoin as the ultimate answer to digital scarcity, emphasizing its anti-inflationary, property rights protection, and monetary attributes. Their core role is to continuously reinforce market beliefs.
The second category is "Bitcoin capital promoters." These individuals are more focused on how Bitcoin can integrate into the existing financial system, including corporate treasury allocation, institutional custody, Bitcoin-backed securities, and lending markets. They hope to expand the use of Bitcoin through financial infrastructure.
Technological upgrades and adherence to principles coexist.
The third group is the "Bitcoin technicalists." This group advocates for continued improvement of the protocol to address long-term issues such as scalability, privacy, ease of use, security, and quantum computing. However, Saylor also noted that adjustments to the underlying Bitcoin protocol need to be made with caution to avoid introducing additional risks.
The fourth category is the "Bitcoin principlers." They place greater emphasis on the original characteristics such as decentralization, self-custody, immutability, censorship resistance, and individual sovereignty, while remaining wary of excessive institutional influence, over-financialization, and protocol modifications.
Thaler advocates maintaining a balance
Saylor's core argument is that Bitcoin cannot be dominated by a single ideology. Staunch supporters provide consensus, capital-driven forces expand adoption, technologists enhance network resilience, and principled individuals are responsible for preserving the underlying characteristics.
He argues that a more viable path for Bitcoin's development is not for one faction to dominate others, but rather to maintain a balance between adoption, innovation, decentralization, self-custody, and monetary integrity. The article points out that this statement comes at a time of significant market correction, and the related discussions reflect the ongoing disagreement within the Bitcoin community regarding its future direction.
