Michael Saylor stated at the Freedom Tech DC summit that 2–3 major US banks could create $100 billion in BTC-backed loans within 12 months. According to his estimate, this would be enough to absorb the new supply of bitcoin for about 10 years. In this scenario, the price of BTC could increase by 2–3 times, and the digital asset industry could reach $10 trillion. Key points are outlined in the transcript of his speech.

Requirement for Banks: Custody Services and BTC-Backed Lending

According to Saylor, banks could become a major driver for bitcoin if they are allowed to provide custody services and issue loans backed by BTC. Currently, about $1.6 trillion in capital is held in BTC, most of which remains outside the banking system.

Tokenization of $100 Trillion in Equities and 24/7 Markets

Saylor believes tokenization could encompass the $100 trillion equities market, enabling securities to be traded globally around the clock. For a full-fledged market, he says, competition among custodians and the ability for self-custody are necessary. He also expects financial markets overall to shift to a 24/7 model.

Criticism of the CLARITY Act and AI as a New Source of Demand

Saylor criticized the CLARITY Act bill, noting that it mainly consists of restrictions and provides few new rights for digital asset holders. He added that AI will become another driver: AI agents require fully digital money and assets, including bitcoin, since traditional banking infrastructure does not meet these needs.