币界网报道：Michael Saylor, MicroStrategy's executive chairman, stated in a recent interview that the world is "dumping bonds and buying Bitcoin," as institutional investors increasingly view the cryptocurrency as a superior store of value compared to traditional fixed-income assets. Saylor emphasized that Bitcoin's finite supply and decentralized nature make it an attractive hedge against inflation and currency devaluation, particularly in an era of expansive monetary policies. He noted that MicroStrategy's continued Bitcoin acquisitions—totaling over $6 billion—reflect this growing institutional confidence. Meanwhile, Mohamed El-Erian, chief economic advisor at Allianz, acknowledged Bitcoin's evolving role but cautioned about its volatility and regulatory uncertainties. He suggested that while Bitcoin is gaining traction as "digital gold," it hasn't yet reached mainstream asset status due to lingering skepticism among traditional investors. Both agreed that macroeconomic instability, including rising debt levels and geopolitical tensions, is accelerating the shift toward alternative assets like Bitcoin. Saylor predicted that Bitcoin's market capitalization could eventually surpass gold's, citing its technological advantages and younger demographic appeal. El-Erian, however, stressed the need for clearer regulatory frameworks to sustain institutional adoption. The discussion underscores the diverging perspectives on Bitcoin's future: Saylor's bullish outlook contrasts with El-Erian's measured optimism, reflecting broader debates in financial circles about cryptocurrency's role in portfolios.