Key Takeaways

• Michael Saylor warns of a massive Bitcoin supply shock from institutional buying.

• Jack Mallers slams banks for holding merchants hostage with high fees.

• Mallers also highlighted Bitcoin’s superiority over gold as money and network.

During the second day of Bitcoin 2026, Michael Saylor warned of a looming Bitcoin supply shock, and Jack Mallers took aim at the “banking cartel.”

The jam-packed Las Vegas event, which attracted thousands, has again pushed bullish sentiment across the industry, even as some critics pushed back against the narratives online.

Saylor: $100B Inflow May Trigger BTC Supply Shock

On stage, Saylor, chairman of Strategy, pointed to tightening supply dynamics that could impact Bitcoin’s future availability.

Speaking in his keynote, the Bitcoin bull predicted that institutional investors will start pouring money into Bitcoin at a rate that the market cannot match.

“We’re setting up a massive supply shock,” he told the audience.

“We purchased the full inventory last week. Then Strive announced a huge purchase. All the major banks are going online.”

Saylor predicted nearly $100 billion worth of credit could flow into Bitcoin in the coming year:

“…The formation of what you’re talking about is between $20 billion and $100 billion worth of credit formation in the next 12 months, and there’s only $10 billion of Bitcoin naturally available for sale.”

This mismatch might lead to pricing pressure and a “Cambrian explosion” of new financial instruments, he said.

It comes as Strategy’s aggressive accumulation has already reduced available supply and Saylor repeatedly highlights Wall Street’s increasing interest as the last needed catalyst.

Bitcoin, he believes, is no longer just an asset class. It is becoming the default treasury reserve for firms and governments alike.

Jack Mallers Blasts Big Banks

Seperately at the event, Jack Mallers focused on the day-to-day problems with the current financial system.

The CEO of Twenty One Capital didn’t hold back in his criticism of traditional banks during his panel discussion.

“These card networks have all of us right where they want us,” he said.

“Consumers seek rewards—”ree flights, airport lounges, Napa Valley wine, cash back—but at a high cost to businesses. They charge the merchant three, four, five percent and then they share that with the consumer.

“So they’re effectively holding merchants hostage and bribing the person at checkout to use their option instead of Bitcoin,” Mallers said.

He went on to link the squeeze to fiat currency itself. Mallers alleged that governments purposefully debase money to paper over bad decisions, encouraging individuals to use “better money” under Gresham’s Law.