MicroStrategy chairman Michael Saylor projected Bitcoin could reach $10 million per coin as digital credit instruments collateralized in Bitcoin expand. He argued that global issuance of lending and settlement products on the Bitcoin network will drive sustained capital inflows and structural price appreciation.

An executive highlighted MicroStrategy’s acquisition of $7.2 billion in Bitcoin over eight weeks, bringing its holdings to 818,334 BTC. These purchases coincided with Bitcoin’s 20% rebound from February lows and outpaced ETF inflows of $3.8 billion.

Critics warn that heavy accumulation and leveraged treasury positions pose risks if Bitcoin experiences a sharp decline, potentially forcing sales. Observers note that reaching a $10 million price implies a market cap in the hundreds of trillions and will require regulatory clarity and institutional adoption of Bitcoin-denominated credit products.