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BIS says Bitcoin lacks structure for daily use; Saylor suggests building private credit on BTC as digital capital.

Market News
22 Oct 2026
Cointribune
View Source
Neutral
BIS says Bitcoin lacks structure for daily use; Saylor suggests building private credit on BTC as digital capital.

A Bank for International Settlements (BIS) study finds Bitcoin unsuitable as everyday currency due to lack of credit systems and public guarantees. Michael Saylor agrees Bitcoin isn't fit for daily payments but proposes using it as digital capital to back private credit products. While BIS favors central bank support for financial stability, Saylor envisions a private credit layer with various risk and yield options. Past crypto credit failures highlight risks, making trust and crisis management key challenges for Bitcoin-based credit systems.

Michael Saylor's proposal for private credit built on Bitcoin comes amid a cryptocurrency market where only 4 out of 50 major cryptocurrencies rose today. For readers following crypto markets, here is Pluang's snapshot as of Oct 22, 2026 23:51 WIB: SXP (Solar) fell sharply by 46.27% to Rp37 with a typical hold time of 94 days, BAL (Balancer) gained 11.14% to Rp16,297 with a typical hold time of 85 days, and FIL (Filecoin) dropped 9.17% to Rp17,283 with 17% sell and 83% buy order activity and a typical hold time of 100 days.

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