Michael Saylor: The Bitcoin community is dividing into four major schools, and any one that goes to extremes will be harmful

Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, published an article on platform X, saying that the Bitcoin ecosystem is gradually dividing into four core concepts: BitcoinMaximalists, BitcoinCapitalists, BitcoinTechnologists and BitcoinFundamentalists.<br /> Among them, maximalists emphasize Bitcoin as the world's leading digital currency network; capitalists advocate that Bitcoin is deeply integrated into banks, enterprises and capital markets; technologists support cautious advancement of protocol upgrades to improve scalability, security and functionality; Fundamentalists focus on self-custody, node operation, decentralization and protocol immutability.<br /> Saylor believes that the four concepts correspond to the four forces of "belief, adoption, innovation, and protection" respectively. Bitcoin should not choose between purity and adoption rates, innovation and stability in the future, but should achieve a balance through "disciplined expansion": maintaining the stability and decentralization of the underlying protocol, while placing most innovation on top of second-tier network, custody, credit and capital market infrastructure.