Strategy’s Michael Saylor has presented Bitcoin as "digital capital" and a potential global reserve asset, arguing that investors should view it primarily as a store of wealth and possible hedge against purchasing-power losses rather than only as a payment network. Strategy says Bitcoin combines scarcity, portability, divisibility, global liquidity, independent verification and ownership transfers without a central issuer. Saylor does not argue that Bitcoin must replace the dollar, banks or traditional financial markets; instead, he believes it could capture part of the monetary premium held in gold, real estate, equities, bonds and collectibles. In a previous AMBCrypto report, he called Bitcoin "digital monetary energy" and an engineering solution to the problem of money. Saylor also examined rolling historical returns over a four-year investment horizon. Through 4th September, 2026, median total returns were approximately 97.7% over one year, 272.2% over two years, 481.7% over three years and 1,301.7% over four years. Bitcoin’s worst one-year period lost 83.6%, while its worst four-year period still produced an approximate 32.6% return. The asset recorded a 62.8% annualized return over the past 10 years and 37.2% since Strategy’s "Bitcoin Standard Era" began in August 2020. As of 4th September 2026, Bitcoin remained 36.1% below its all-time high, with a historical maximum drawdown of roughly 93.1%. Strategy sold 6,916 BTC in 2026 but bought 4,603 BTC on 31st August, indicating a return of buying activity. Bitcoin was trading at $77,106.64 at press time, down modestly over 24 hours but up more than 22% over the past month. The market remains caught between long-term buying and short-term selling pressure. U.S. CPI (consumer price index) matched expectations overall, but hotter core inflation raised concerns about higher-for-longer interest rates, pushing Bitcoin to $76,700 before a recovery toward $80,000 and a retreat into the $77,000s. Three consecutive weeks of spot Bitcoin ETF inflows and continued accumulation by long-term investors provided support, while weak spot demand, Binance’s highest Bitcoin holdings in two years and increased futures selling added pressure. CryptoQuant described the shift in investor psychology as a move from FOMO to loss aversion.