ChainCatcher Message, Michael Saylor delivered a keynote speech titled “Digital Capital, Credit, Money, and Banking” at the Bitcoin MENA Conference, focusing on the transformative potential of Bitcoin in the global financial system. Saylor pointed out that recent recognition of Bitcoin as a reserve asset by American politicians, including Donald Trump, has been observed, and he demonstrated the growth of Bitcoin reserves since 2020. He described Bitcoin as “the world's digital store of value,” emphasizing features such as no expiration date, no counterparty risk, no event risk, no confiscation risk, no holding fees, high portability, and final settlement within minutes. Through DuPont analysis, Saylor showcased Bitcoin’s superior capital efficiency compared to traditional finance. During his speech, he compared the performance of different asset classes: fiat currency depreciation