MicroStrategy's Michael Saylor has commented on the structural limitations preventing global capital from entering the crypto market. He stated that approximately 99% of global money is mandated to be allocated to equity and credit markets. According to Saylor, these mandates mean that even if institutions desire exposure, they are often unable to purchase underlying commodities like Bitcoin directly. This perspective emphasizes the necessity of financial vehicles like spot ETFs or equity proxies (such as MicroStrategy stock) to bridge traditional finance capital into the digital asset class.