Saylor Predicts $10M Bitcoin if Digital Credit Scales

Michael Saylor, chairman of MicroStrategy, told the Bitcoin 2026 conference he expects Bitcoin to reach $10 million per coin if digital credit products denominated in Bitcoin draw global capital onto the network. He defined “digital credit” as loans, lending products and other financial instruments that use Bitcoin for settlement or as backing.

Saylor described a mechanism in which the wider issuance and adoption of those instruments would route new capital into the Bitcoin network and push up demand for BTC. At the conference he added, “As it flows into the Bitcoin network, the price of Bitcoin should increase.”

MicroStrategy continues to increase its Bitcoin holdings and reports the largest corporate Bitcoin treasury. In earlier remarks Saylor outlined conditions under which Bitcoin could reach $5 million, including approval of spot ETFs, banks offering Bitcoin services, and clearer U.S. regulation; the $10 million estimate builds on that framework and assumes broader rollout of Bitcoin‑denominated credit.

The White House announced a Strategic Bitcoin Reserve, placing Bitcoin alongside other reserve assets on a federal balance sheet. Critics have raised counterarguments: economist Peter Schiff warned a company with large, leveraged Bitcoin positions could be forced to sell into a market decline, adding downward pressure. Other critics note Bitcoin’s historical price swings and question its suitability as a stable reserve asset.

A $10 million Bitcoin would imply a market capitalization measured in the hundreds of trillions of dollars, a scale that would require sustained institutional inflows over many years and substantial changes in how global savings are allocated.

Observers say whether Bitcoin‑denominated digital credit becomes a major channel for new capital will depend on regulatory clarity and on whether major banks and asset managers issue such products. Adoption measures in custody, lending volumes and ETF flows will provide concrete indicators in coming quarters. For investors, timing will hinge on how quickly Bitcoin‑backed financial products reach broader market scale and how regulators respond.