such as bitcoin (Bitcoin) Gathered at the Bitcoin 2026 conference in Las Vegas, Peter Schiff, chief economist and global strategist at Europac, warned enthusiasts about the risks of digital credit.
Schiff, a well-known bitcoin skeptic, has said that digital credit — the practice of borrowing against bitcoin holdings rather than monetizing them — could explode in 2026. In comparison, he likened the hype around digital credit this year to the 2025 frenzy among treasuries, which has since faded.
“I was watching the Bitcoin conference from home this year. When I spoke last year, advising attendees to sell, Bitcoin was approaching 110,000. Today it’s at 76,000, a 30% drop. Last year, the hype around Bitcoin treasury companies was near a peak. This year, it’s about digital credit, which will soon explode,” Schiff said. male.
Schiff added that the price of Bitcoin has continued to decline over the past 12 months, even as Strategy Inc. (NASDAQ: MSTR) added to their BTC holdings by leveraging digital credit. Notably, the strategy has increased its Bitcoin holdings from 2.76% of the total Bitcoin supply as of last year’s conference to approximately 818,334 coins, representing 3.9% at press time.
As such, Schiff argued that even if the strategy leverages digital credit to increase its Bitcoin holdings to 5%, there is no guarantee of further sell-off in the market.
“A 40% increase in market share did not prevent Bitcoin from falling 30%. If MSTR reaches 5% supply by next year’s conference, why would Bitcoin stop falling?” he He added.
Michael Saylor defends the importance of Bitcoin’s digital credit
During his speech at the Bitcoin 2026 conference on Tuesday, Michael Saylor, founder and president of Strategy, defended the importance of digital credit for the major currency. Saylor said digital credit could significantly increase Bitcoin’s volume in the coming years.
Specifically, Saylor believes that digital credit could push the price of Bitcoin to $10 million per coin, thus pushing its value beyond $200 trillion. Furthermore, Saylor stated that the endgame for digital credit and Bitcoin is to create and offer high-yield digital savings accounts that pay 8-10% annually to 1 billion ordinary people around the world.
Meanwhile, Strategy CEO Phong Le said Argue If the company captured 1% of the $300 trillion credit market, the price of Btc could triple to $230,000.
Featured image via Peter Schiff YouTube.
