 ▲ Michael Saylor / Source: X |
Michael Saylor, once known as a staunch Bitcoin (BTC) maximalist, has unveiled a sweeping vision for Digital Credit that expands the ecosystem to other blockchain networks such as Solana (SOL) and Ethereum (ETH), drawing significant attention from the cryptocurrency market.
According to investment media outlet Benzinga on February 28 (local time), Strategy Chairman Michael Saylor presented the future of Digital Credit—yield-generating financial products backed by Bitcoin—during his keynote speech at the Strategy World 2026 conference held on Wednesday.
Emphasizing the programmability of Digital Credit, he explained that it can be transformed into various forms, including tokens, private funds, and exchange-traded funds (ETFs). He notably stated that such credit products could be distributed not only on blockchain networks like Ethereum and Solana but also on traditional financial exchanges such as Nasdaq and the London Stock Exchange, surprising many attendees.
As the possibility of launching Solana-based Digital Credit was raised, the Solana community responded with immediate enthusiasm. Solana’s official X account shared a video of Saylor speaking at the event. However, Saylor made clear that Bitcoin and Strategy’s Perpetual Stretch Preferred Stock (STRC) remain the essential foundation layer for creating these financial products.
His latest remarks stand in stark contrast to his previous hardline stance against cryptocurrencies other than Bitcoin. In May 2024, he dismissed the idea that any coin besides Bitcoin would gain institutional recognition within the decade, asserting that none would be accepted on Wall Street or launched as spot ETFs.
However, following his off-target prediction, multiple exchange-traded funds have entered the market behind Bitcoin. Just a year ago, Saylor likened Bitcoin to steel while describing Ethereum and Solana as balsa wood or clay bricks, warning that utilizing other tokens would be a catastrophe. His apparent shift in position underscores how the institutional expansion of the digital asset market is accelerating beyond Bitcoin.
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