Michael Saylor has outlined a future where Bitcoin powers the most efficient credit instruments in financial history.
Summary
- Michael Saylor, executive chairman of Strategy, described Bitcoin as “digital capital” and the foundation for scalable fixed income instruments.
- Saylor noted that major banks like JPMorgan and Wells Fargo are starting to accept crypto collateral.
- He predicted that banking adoption could grow the crypto industry tenfold over the next four years.
- Saylor predicts that Bitcoin could reach $10 million if the sector becomes fully integrated into the global financial sector.
In a recent Money 20/20 interview, Bitcoin magnate Michael Saylor sat down with The Wolf of All Streets host Scott Melker to discuss how digital lending tools are redefining corporate finance. The conversationthat has captured attention within the crypto community, saw Saylor unveil insights that could reshape the way institutions and investors perceive Bitcoin, credit markets and fixed income investments.
Saylor opened his speech by considering Bitcoin (BTC) as the foundation of “digital capital,” a modern store of value akin to digital gold. He contrasted this with “digital finance,” referring to the tokenization of real-world assets such as bonds and currencies. According to Saylor, Bitcoin’s regulatory clarity, especially after ETF approvals and pro-crypto policy shifts in the US, has opened up new use cases beyond just holding, especially in fixed income instruments.
Speaking of institutional adoption, he praised the actions of JPMorgan, Bank of America, Wells Fargo, BNY Mellon, PNC, Schwab and boutique banks like Texas Capital for overhauling restrictive crypto policies. JPMorgan’s recent acceptance of Bitcoin and Ethereum (ETH) as collateral is an example of this shift.
Saylor credited the Trump administration’s pro-crypto stance, including clarity from Treasury Secretary Scott Bessent, for accelerating the banking industry’s participation. The Bitcoin proponent predicted that this adoption of banks could increase the sector’s growth tenfold in four years.
Michael Saylor’s view on strategy
Central to his presentation was Strategy’s new digital credit stack: $STRK, $STRF, $STRD and $STRC. These instruments, backed by Bitcoin, deliver returns between 8% and 12.5%, which is higher than what traditional bonds and money markets offer. Saylor claimed that this offering is two to four times more efficient than traditional fixed income products.
Saylor further argued that Strategy is positioning itself as the world’s most scalable, tax-efficient fixed income generator. With BTC expected to grow at 20-30% annually, Strategy can pay high-yield dividends without depleting capital. The company’s approach inverts traditional financing, using equity to fund dividends while retaining valuable assets, something he believes traditional financing simply cannot match.
Saylor is considering scaling the Strategy to $2-3 trillion in assets by purchasing hundreds of billions of BTC, a move that could put it above other companies. The Bitcoin mogul ended his talk by predicting that Bitcoin could reach $10 million within the next decade as adoption increases. The latest interview comes just after the company acquired another 390 Bitcoin worth almost $44 million, bringing the company’s total to 640,808 BTC.
