Bankless "Fix the Money, Fix the World" — Michael Saylor's Master Plan (plus questions on Quantum and Ethereum)
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Apr 13, 2026 
Michael Saylor, founder and Executive Chairman of MicroStrategy and major institutional Bitcoin advocate. He maps how Bitcoin adoption, securitization, and new credit instruments like STRC could scale value. He explains STRC’s design and yield mechanics. He addresses quantum risk calmly and shares a more constructive take on Ethereum. He frames an ambitious endgame: building digital credit to deliver stable yield worldwide.
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Banks And Credit Networks Drive Bitcoin Adoption
- Price appreciation depends on global institutional acceptance, bank credit networks, ETF/securitization flows, and reduced rehypothecation.
- Saylor argues banks extending credit on BTC and calling assets back into cold storage would create short squeezes and drive prices up.
Stretch Born From A Five Year Credit Journey
- Stretch was developed after multiple credit experiments (convertible bonds, preferreds) to solve retail demand for simple yield with low volatility.
- Saylor describes Stretch as the "car that drives itself" — simple for investors but complex for the issuer.
Use Variable Monthly Dividends To Stabilize Principal
- Do offer variable-rate monthly dividends if you want a stable-principal Bitcoin-backed money market.
- Saylor built STRC as a monthly variable-rate preferred where the issuer can adjust the dividend to hold par value.