Saylor says U.S. bank BTC adoption could triple Bitcoin’s price

Michael Saylor, chairman of Strategy, said at a Bitcoin Policy Institute panel discussion that major U.S. banks could generate about $100 billion in credit using Bitcoin over the next 12 months, according to Bitcoin Treasuries. Saylor added that the amount would be enough to buy the BTC supply expected to come to market over the next decade. If that scenario materializes, BTC’s price could rise to about three times its current level and the related industry could grow to $10 trillion. Saylor also said broader market expansion for Bitcoin would hinge on participation from the banking sector, and U.S. banks would decide whether to expand related businesses after confirming the Treasury Department’s policy direction.