Saylor is probably right short term, but that's only because it is such a mental shift to move from a fiat standard to a bitcoin standard.
The more you move towards the latter, the more people will not accept a return unless it is in Bitcoin.
Discussion
I agree with this completely.
I think it’s going to take a long time.
And I think if/once BTC completely displaces fiat no one will accept yield denominated in fiat at all.
And this is where I think during that conversation they were each talking from the perspective of two totally different worlds.
I agree with what Saif said, capital will only be able to be resisted through equity. Why? Because the produce of a business can always expand. So ”yield” can come from production and sharing in that production, regardless of what the prices of the produce are (going down).
So in a sense, the nominal yield in Bitcoin terms will be negative. But the real yield will be positive.
*raised through equity