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Bitcoin protocol changes require strong consensus, says Michael Saylor as BTC nears $63K amid ETF inflows.

Protocol Fundamentals
05 Jul 2026
Blockonomi
View Source
Bullish
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Michael Saylor emphasized that Bitcoin protocol changes must have overwhelming network agreement to protect the system's integrity, describing hard consensus as Bitcoin's immune system. He explained that fees price block space, nodes set policy, miners build blocks, and holders allocate capital, spreading power across the network. Meanwhile, Bitcoin traded near $63,000 after renewed spot Bitcoin ETF inflows ended a 10-day outflow streak, providing fresh market support. Traders remain cautious with options data indicating potential resistance between $66,000 and $68,000, highlighting a separation between Bitcoin's governance stability and short-term price movements.

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