Saylor: Bitcoin's ~38% annual returns could justify far higher credit yields than gold or real estate.

Strategy's Michael Saylor argued that Bitcoin's roughly 38% annualised returns create a theoretical basis for credit instruments built on BTC to offer significantly higher yields than those backed by traditional assets — gold, real estate, or money-market vehicles included.

The logic is straightforward: if the underlying collateral appreciates faster, the yield floor it can support rises accordingly. Saylor has long positioned Bitcoin as a superior treasury asset, but framing it explicitly as a credit-yield benchmark is a step toward institutional fixed-income narratives.

Whether lenders and rating agencies accept that framing is a separate question — BTC's volatility cuts both ways — but the argument is gaining traction as more corporates explore Bitcoin-backed debt structures.

Original content