Michael Saylor, executive chairman and co‑founder of Strategy, warned on July 19, 2026 that Bitcoin Improvement Proposal 110 (BIP‑110) could threaten the network’s neutrality and create market uncertainty.

BIP‑110 proposes a one‑year soft fork that would temporarily limit arbitrary data stored on the Bitcoin blockchain and lower the miner‑signaling threshold required for consensus changes from 95% to 55%.

Saylor argued that the proposal would use consensus rules to restrict valid activity, potentially leading to a network split and weakening miner incentives. He said that fee markets and relay policies, rather than protocol changes, should address concerns about spam.

He noted his firm holds 843,775 BTC, valued at approximately $54.3 billion, making it the largest publicly listed bitcoin treasury, and said that altering consensus rules could discourage developers and reduce aggregate fee demand, thereby affecting miner security.

Saylor described the 55% threshold as overly aggressive and said that lowering the approval requirement could encourage disagreement and increase the chance of a fork.

He suggested that market‑based fees and individual relay policies are sufficient tools to manage data usage without changing the core consensus rules, emphasizing that Bitcoin needs guardians of neutrality rather than purity.

The proposal remains under discussion, and the community has not yet indicated whether the changes will be adopted.