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Bitcoin can't function as money at scale, needs credit and dollar-linked products, say experts.

Market News
22 Oct 2026
Tokenpost
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Neutral
Bitcoin can't function as money at scale, needs credit and dollar-linked products, say experts.

Bank for International Settlements economist Iñaki Aldasoro argues Bitcoin cannot serve as money at scale because it lacks credit mechanisms, a central-bank anchor, and lender-of-last-resort support. He highlights that Bitcoin's fixed issuance does not expand with settlement demand, limiting its role in settling obligations. Meanwhile, Michael Saylor proposes a layered financial system with Bitcoin as "digital capital" at the base, supporting credit and dollar-linked stable products above it. These views reflect different perspectives on Bitcoin's role in the financial system and its potential evolution.

Regarding the BIS economist's view on Bitcoin and Michael Saylor's credit layer proposal, here is Pluang's market snapshot as of Oct 22, 2026 14:21 WIB: Out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include UNI at Rp127.722 with a 1-day change of -5.00%, CRV at Rp6.694 down 4.89%, and COTI at Rp198 down 4.64%.

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