TLDR:Saylor expects bank Bitcoin custody, lending services and tokenization to drive the next 12–24 months.Strategy repurchased about $1.5 billion of STRC and holds cash to cover about 3.5 years of dividends.Saylor said Bitcoin-backed, dollar-pegged stablecoins could yield 6%–8%, but gave no issuance plans. A Bitcoin-backed stablecoin’s viability depends on collateral, liquidity, regulation and peg stability. Michael Saylor, Executive Chairman of Strategy, said Bitcoin is returning to a bull market. He made the remarks in a recent interview. Saylor expects banks to expand Bitcoin custody and lending services over the next 12–24 months. He also pointed to securities tokenization as a driver. In addition, he said Bitcoin-backed, dollar-pegged stablecoins could eventually offer yields of 6%–8% annually. However, he announced no specific issuance plans for such a product at this stage.Why Bitcoin Could Be Entering Another Bull PhaseSaylor described Bitcoin as digital capital, a scarce asset with a fixed supply and a global market. Even so, its price still responds to familiar forces. Restrictive monetary policy, geopolitical tension, and competition for capital can weigh on it. When investors move away from risk, Bitcoin can feel that pressure sharply.Still, he sees a longer-term case developing. Wider bank custody could make it easier to build lending and credit products on Bitcoin.Meanwhile, tokenized securities and round-the-clock digital markets may connect capital, credit, and money more directly. These changes could bring new sources of liquidity and demand.Michael Saylor also discussed Strategy’s STRC. He disclosed that the company repurchased about $1.5 billion worth of STRC. The purchases were meant to stabilize its price. Strategy also holds cash reserves sufficient to cover about 3.5 years of dividends.Digital credit sits at the center of this outlook. It refers to credit instruments supported by digital capital. Financial systems have long issued credit against scarce reserves. In this model, Bitcoin serves as the digital reserve asset.Bitcoin-Backed Digital Money and Its RisksThe next step could be digital money. This would be a dollar-pegged instrument backed, in part, by Bitcoin and designed to offer a yield. Saylor mentioned a return of roughly 6% to 8% annually. He framed it as a possibility to explore, not a guaranteed outcome.Viability would depend on several factors. These include collateral, liquidity, structure, regulation, and the ability to maintain the peg through market stress. Michael Saylor announced no specific issuance plans. Therefore, the product remains a concept for now.The broader direction, he said, is toward always-on markets, tokenized assets, and faster settlement. If that infrastructure matures, Bitcoin-backed credit could help connect digital capital to everyday payments and savings. The aim is a financial architecture built around digital capital. In that setup, credit and eventually money could move at the speed of the internet.The risks carry equal weight. Bitcoin is volatile, and collateral can lose value quickly. A stablecoin’s yield, liquidity, and dollar peg are never assured. Investors should examine the underlying assets, redemption terms, counterparties, and regulatory protections before treating a high-yield digital instrument as cash. Meanwhile, the opportunity is not only to make Bitcoin more accessible. Michael Saylor also pointed to building new credit and money structures around it.The post Michael Saylor: Bitcoin Returning to Bull Market, 6%–8% Bitcoin-Backed Stablecoin Yields Possible appeared first on Blockonomi.