Michael Saylor: “Digital Credit Will Redefine Global Finance” — Bitcoin Accepted by Wall Street, US Government at Binance Blockchain Week Dubai
Binance Blockchain Week Dubai 2025 hosted one of its most anticipated keynotes as Michael Saylor, Founder and Executive Chairman of MicroStrategy, delivered a sweeping, high-intensity presentation arguing that the world has entered a new era of digital capital, digital currency, and digital credit — powered primarily by Bitcoin’s rapid institutional acceptance and regulatory shifts in the United States.Saylor delivered what he called “the most exciting development of the past year”:the global financial system — governments, banks, asset managers, and capital markets — is now embracing Bitcoin at unprecedented speed.Below is a breakdown of the major announcements, insights, and predictions from his keynote.Bitcoin Is Now “Digital Capital,” Says Saylor — And the World Is Finally Treating It That WaySaylor began by declaring that Bitcoin has officially crossed into mainstream acceptance, driven by three historic shifts:1. The United States government is now openly pro-BitcoinSaylor highlighted a seismic political realignment:The President of the United States has declared himself “the Bitcoin president.”The US is actively positioning itself to become “the crypto capital of the world.”Key federal agencies — Treasury, OCC, FDIC, SEC, and the Federal Reserve — have issued coordinated guidance signaling:“Crypto is good.”“Bitcoin is good.”“It’s legal to bank it, lend against it, and custody it.”Saylor called this an “180-degree reversal” from previous policy and “the most important shift in Bitcoin’s history.”2. The world’s biggest banks have flipped from anti-crypto to pro-BitcoinAccording to Saylor, the top US banks — long considered the strongest anti-crypto forces — have switched positions in the last 6–12 months:BNY MellonPNC BankCitigroupWells FargoBank of AmericaJ.P. MorganVanguardSchwab (custody + credit launching in 2026)“Eight of the top ten US banks now engage in crypto lending,” Saylor said.“This is a total reversal — and it happened in under a year.”3. Wall Street fund managers are all-inMicroStrategy was once the only public company holding Bitcoin. Now:200+ publicly traded companies hold BTC.85 Bitcoin ETFs exist globally.BlackRock’s Bitcoin ETF (IBIT) is the most successful ETF launch in history.“Bitcoin has exploded across the global fund industry,” Saylor said.“Bitcoin Is the Most Powerful Asset on Earth”Saylor argued that Bitcoin’s network superiority makes it the foundation for all digital financial innovation:Electrical Power:“Bitcoin consumes 24 gigawatts — the energy of 24 nuclear reactors.”Computing Power:“It has more computing power than Microsoft and Google’s combined data centers.”Trading Power:“A thousand exchanges list it. Anyone can buy, sell, transfer, or custody it globally.”Economic Power:“Over $1 trillion of real capital is invested in this network.”Saylor framed Bitcoin as the ethical, technical, and economic base layer for a coming revolution in global credit markets.Digital Credit: Saylor’s Biggest Prediction of 2025The core of Saylor’s keynote was the concept of Digital Credit, a category he claims will transform:global bankingmoney marketscorporate creditprivate creditsovereign creditSaylor explained MicroStrategy’s role as the “first digital treasury company,” holding:~650,000 BTC on balance sheet$60B in BTC reserves$8B in debtHe compared two financial paradigms:Conventional Finance (Fiat System)Built on depreciating moneyCapital returns ~3% annuallyCredit yields are lowTaxes are highSlow, opaque, inefficientDigital Finance (Bitcoin System)Built on an appreciating assetBitcoin returns ~47% annually (5-year average)Digital credit yields 10–13%Tax deferredGlobal, liquid, programmatic“This is the most efficient, scalable fixed-income engine ever created,” Saylor said.Stretch, Strike, Stride, Stream: The Digital Credit Products Saylor Says Will Replace BanksSaylor described MicroStrategy’s suite of digital credit instruments:STRIKE — blended upside + yieldSTRIDE — high-yield, long-duration credit (≈12.9%)STRIFE — senior protected credit (≈9%)STRETCH (STRC) — variable-rate digital credit, designed as a “10% bank account for the world”STREAM — the EUR-denominated versionHe emphasized adoption:Digital credit grew from $0 to nearly $8 billion in 9 monthsSTRETCH often trades $100M+ per dayTraditional preferred stocks trade $100K–$1M/day“Digital credit is 100x better than traditional credit,” Saylor said.“Bank deposits yield 0–4%. STRETCH yields a tax-equivalent 17–22%.”Saylor’s Vision: A Global Financial Reset Built on BitcoinHe concluded with the biggest claim of the keynote:“Digital credit will fix the banking system, fix money markets, fix corporate credit, and reset the global cost of capital.”He predicted that BTC-backed digital credit will penetrate:JapanEuropeSouth KoreaSingaporeSwitzerland…where banks currently offer 0–1% interest, creating overwhelming demand for digital yield.Final Message from Saylor: The Winner Is the InvestorSaylor ended with a direct call to action:“If you want 40% returns and volatility, buy Bitcoin.If you want 10% tax-deferred yield with stability, buy digital credit.Most people should own both.”
