Michael Saylor says Bitcoin may rise by 100x any changes in the protocol may lower its value in the future.
He pointed out that stable consensus rules are needed because of the incentive structures for miners.
With the increase in institutional interest in Bitcoin, the focus has now moved from competition in the market to issues regarding the future governance of the Bitcoin network. According to Michael Saylor, Bitcoin is now well-established as a major digital currency. But will face increasing questions about how to make protocol changes going forward.
In several X tweets on July 28, Saylor stated that the rules of consensus of Bitcoin guarantee its scarcity, ownership, settlement, and security. He called these rules the constitutional basis of Bitcoin and said that any change to these rules would harm the economic system of Bitcoin.
Consensus Rules Remain Important for Bitcoin’s Future
As per Saylor, Bitcoin may become capable of increasing its price up to 100x w
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