Michael Saylor has never been accused of thinking small about Bitcoin. At BTC Prague 2026, he made sure that reputation stayed intact.
During his keynote titled “Bitcoin Capitalism” on June 12, Strategy’s Founder and Executive Chairman argued that Bitcoin isn’t just digital gold or a store of value. It’s digital capital, the foundational layer upon which an entirely new class of financial products will be built. And if he’s right about the scale of that transformation, he thinks Bitcoin could eventually reach $7 million per coin.
The four pillars of Bitcoin capitalism
Saylor’s thesis at the Prague conference centered on Bitcoin as the base layer for what he described as four categories of digital financial instruments: digital credit, digital money, digital yield, and digital equity.
Think of it like this. If Bitcoin is the bedrock, then these four categories are the buildings you construct on top of it. Digital credit means Bitcoin-backed lending products. Digital money refers to stablecoins and transactional instruments anchored to Bitcoin’s network. Digital yield covers interest-bearing products denominated in or collateralized by Bitcoin. And digital equity points toward tokenized ownership structures built on a Bitcoin standard.
