Bitcoin Doesn’t Need a Bank, Yet MicroStrategy Wants to Become One
Strategy (previously MicroStrategy) desires to change into the Bitcoin financial institution of the world. Michael Saylor repeated that aim on November 6.
On the identical day, an on-chain researcher confirmed that Bitcoin’s full blockchain nonetheless suits on a single 1TB drive. That lets bizarre customers test the community themselves, with none financial institution.
MicroStrategy Pitches a Bitcoin Bank at Money20/20
Strategy CEO Phong Le laid out the plan on the Money20/20 fintech convention. There, he mentioned Bitcoin as digital capital, the corporate’s STRC most well-liked inventory and the merging of conventional and decentralized finance.
According to Le, Strategy has grown from an enterprise software program agency into a holder of 845,000 BTC.
Saylor shared Le’s interview on X shortly after.
The concept isn’t new. In September, Saylor already urged banks to maintain and lend towards Bitcoin.
The Blockchain Still Fits on a Single Drive, for Now
That day, an on-chain researcher posted the blockchain’s measurement by 12 months. It grew from 0.3 GB in 2011 to 780 GB in 2026. As a outcome, anybody with a 1TB drive can nonetheless run a full node, the core of Bitcoin’s be-your-own-bank promise.
Bitcoin Knots developer Luke Dashjr replied that “16 GB/12 months is the cap for now.” The researcher disagreed. Between July and September 2026, the chain grew by roughly 85 GB a 12 months, the researcher wrote.
“Even the outdated 1 MB restrict gave ~52 GB/12 months, so 16 GB/yr isn’t a cap on something,” the publish added.
Dashjr has lengthy pushed for smaller blocks so residence customers can hold working nodes. In September, the developer told a supporter of his fork to get a actual pc after the person’s Raspberry Pi had to resync.
Another consumer even advised purging all chain historical past earlier than 2020.
Meanwhile, Strategy retains constructing its Bitcoin financial institution on the monetary aspect, the place its 12% dividend stock has rebounded from its June low.
Still, the battle over chain knowledge exhibits that many customers need to hold their very own financial institution. Earlier this 12 months, the identical dispute led Knots supporters to claim the community was underneath assault.
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