![\"Takes](\"https:\/\/cdn-ileamcn.nitrocdn.com\/BngESKHdyFjXuZbvyAhEMmtQtwLKSKkU\/assets\/images\/optimized\/rev-c3df002\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/1_takes-banner.png\" "\\"Let\u2019s")
<\/figure>\nThe purpose of Bitcoin is to definancialize the world, not re<\/em>financialize it.<\/p>\n And so when I heard Strategy Executive Chairman Michael Saylor say at the Bitcoin Treasuries Unconference<\/a> yesterday that he wants to see $200 trillion in credit built on top of bitcoin once it hits a $100 trillion market cap, I felt uneasy.<\/p>\n JUST IN: Michael Saylor says if Bitcoin hits $100 trillion, there could be $200 trillion in credit built on top of it.<\/p>\n Bitcoin is just getting started \ud83d\ude80 pic.twitter.com\/SbgH9gW7fb<\/a><\/p>\n \u2014 Bitcoin Archive (@BTC_Archive) September 17, 2025<\/a><\/p><\/blockquote>\n <\/div>\n<\/figure>\n Then, when I heard Coinbase CEO Brian Armstrong send a similar message this morning, I started to feel like we\u2019re very much losing the plot.<\/p>\n For those who aren\u2019t well-versed on Bitcoin\u2019s origins, it was born from the great financial crisis of 2007-09, which was the result of a highly leveraged, overfinancialized system.<\/p>\n When I think about Satoshi Nakamoto coding Bitcoin, I don\u2019t think of someone (or a group of people) thinking to him or herself, \u201cHow can I create a new asset that we can financialize so that we can create the same problems again?\u201d<\/p>\n What Satoshi seemed to have in mind instead was: \u201cHere\u2019s a new form of money that preserves value over time so that people don\u2019t have to rely on financial products as much.\u201d<\/p>\n I don\u2019t know whether or not we\u2019ll ever live in a fully hyperbitcoinized<\/a> future where no other forms of money exist. But I do imagine that the $100 to $200 trillion in debt that both Saylor and Armstrong are envisioning is constituted of other currencies, and, in such a scenario, bitcoin has likely been relegated to \u201cdigital capital<\/a>\u201d instead of money \u2014 and that\u2019s not my vision for it. (To be fair, it could be used as digital capital and money simultaneously.)<\/p>\n My vision is closer to what we see in bitcoin circular economies<\/a>, communities around the world that use bitcoin as money. I\u2019ve visited a number of these communities and witnessed the tremendous impact they\u2019ve had on the lives of their members.<\/p>\n Many members of these communities have never had a bank account or been a part of the broader digital financial system, which means they likely aren\u2019t even eligible to apply for credit. However, with bitcoin, they\u2019re able to save and build small businesses with those savings.<\/p>\n This is part of the magic of Bitcoin: It empowers those who\u2019ve been neglected by the traditional financial system, while saving those of us who have access to it from becoming debt slaves.<\/p>\n We may never live in a completely definancialized future, and that\u2019s fine. It\u2019s one thing to acknowledge that, but it\u2019s another to envision a future of finance built on bitcoin before we\u2019ve even succeeded in having it widely adopted as money, which is what Satoshi intended for it to be.<\/p>\n It would be fantastic if some of the most prominent names in the industry supported bringing the original vision for bitcoin to life before proposing that we incorporate it into the antiquated, corrupt system as little more than a new form of collateral.<\/p>\n This article is a\u00a0<\/em>Take<\/em><\/a>. Opinions expressed are entirely the author\u2019s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>\n<\/p><\/div>\n\n