Analysis: The "digital credit" market backed by Bitcoin may reach a scale of $3 trillion.

At the Consensus Miami conference, executives from several Bitcoin treasury companies stated that "digital credit," backed by Bitcoin, is expanding rapidly, with a long-term potential market size of up to $3 trillion. Digital credit is a type of yield-generating financial instrument backed by Bitcoin, typically employing a perpetual preferred stock structure, allowing investors to obtain returns while mitigating the risk of BTC price volatility. This model was first promoted and popularized by Strategy, followed by companies like Strive entering the field. Analysts believe that this sector has already grown to approximately $10 billion in less than a year, calling it "the second fastest-growing product in the history of capital markets." The global credit market is approximately $300 trillion; even if only 1% is penetrated by BTC credit products, it will generate approximately $3 trillion in demand—"this target is not an exaggeration." Currently, the number of Bitcoin treasury companies is far lower than that of the traditional banking system. If BTC becomes the global financial base currency, it will spur even larger-scale opportunities for digital credit and financial system restructuring. (CoinDesk)