Parker Lewis: Bitcoin Will Settle 100% Of Global Payments

By: bitcoinmagazine.com|10/23/2026 13:28:16

Parker Lewis claims Bitcoin will settle 100% of global payments, highlighting the strain on the credit system due to a 107 trillion dollar debt. He discusses how the 2023 bank failures underscored the necessity of Bitcoin for payments, with merchants adopting it to avoid 3% card fees and chargebacks. Lewis argues that the dollar price of Bitcoin will become irrelevant as the Federal Reserve and Treasury have lost control over long-term interest rates, evidenced by 7%+ mortgages and corporate refinancing rates of 9-10%. He also addresses the misalignment between Bitcoin treasury companies and their investors, emphasizing that Bitcoin is already functioning as money. Lewis outlines the impact of the credit system's strain, comparing the current 107 trillion dollar debt to 52 trillion in 2007, and discusses the implications of perpetual preferreds as a currency swap.

-- Price

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

At the October 22 close, the Nasdaq fell about 2.6%, its steepest daily decline since June. Investors reassessed the potential returns on heavy AI investment, while spending commitments from companies such as Meta added to credit concerns. Risk aversion pushed long-bond yields lower, while Brent and WTI reached roughly five-month highs, with WTI nearing $100 a barrel. Bitcoin hovered around $81,000–$82,000, while gold and silver also weakened. Today’s pre-market focus is AXP and SLB earnings.