A recent Bank for International Settlements (BIS) paper argues Bitcoin can't function as everyday money due to lack of credit structures and public backstops, while Michael Saylor agrees Bitcoin is better as capital than currency. Both see credit as essential but differ on whether public institutions or private structures should support it. Saylor envisions Bitcoin as a foundation for digital credit products rather than direct spending money. Despite criticisms, Bitcoin's ecosystem and use as an asset continue to grow, with ongoing debates about its future role in finance.
Bitcoin trades at Rp1.521.878.811 on Pluang as of Oct 22, 2026, 01:11 WIB, showing a 2.11% gain in the past day. The platform records a market cap of Rp30.652,27 trillion and a 24-hour trading volume of Rp501,73 trillion, reflecting active investor interest. This data provides context to the ongoing debate highlighted by the BIS paper and Michael Saylor about Bitcoin's role beyond everyday currency, emphasizing its growing status as a capital asset.
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