Michael Saylor Forecasts $60 Trillion Shift From Bonds to Bitcoin-Backed Digital Credit

Michael Saylor believes the future of fixed-income investing could be transformed by Bitcoin-backed digital credit markets. Speaking at Strategy World 2026 in Las Vegas during his Digital Credit keynote, the MicroStrategy (Strategy) chairman projected that trillions of dollars could move from traditional bond markets into Bitcoin-backed instruments over the next decade.

Saylor highlighted that the global credit market is currently valued at roughly $300 trillion and could double within ten years. He estimates that digital credit products collateralized by Bitcoin could capture 5% to 10% of that market. If realized, this would translate into a potential $50 trillion to $60 trillion shift from conventional bonds into Bitcoin-backed securities. According to Saylor, higher yields, tax efficiency, and improved capital structures could attract both institutional and corporate investors.

At the core of this strategy is the concept of turning Bitcoin into income-generating digital capital without selling the underlying asset. Saylor explained that volatility can be transferred to equity holders, while credit investors receive structured, predictable payouts. He pointed to STRC, Strategy’s flagship Bitcoin-backed credit product, which offers monthly dividend distributions structured as returns of capital, enabling potential tax deferral benefits.

Saylor noted that STRC maintained principal stability and continued distributions even during Bitcoin’s recent 45% correction, when BTC fell from around $126,000 in October 2025 to approximately $70,000 in early 2026. Strategy previously filed a $4.2 billion offering with the U.S. SEC to fund additional Bitcoin purchases and recently acquired 592 BTC, marking its 100th buy.

He also argued that digital credit could solve accounting volatility concerns for corporations holding Bitcoin. By offering indirect exposure with steady cash flow, Bitcoin-backed credit instruments may provide a more board-friendly alternative to direct BTC ownership, positioning digital credit as a disruptive force in traditional fixed-income markets.