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Michael Saylor, the co-founder and a prominent advocate for MicroStrategy, has recently shared a comprehensive framework for digital assets that he believes could bolster the U.S. dollar and stimulate significant economic growth for the nation in the 21st century. This detailed strategy was unveiled in a post on the X social media platform and is accessible on Saylor’s personal website.
Proposed Digital Asset Framework for the U.S.
Titled “Digital Assets Framework, Principles, and Opportunity (SO:) for the United States,” Saylor’s document outlines a strategy that categorizes digital assets into distinct groups, aiming to legitimize them and establish a framework for “rational compliance.” The framework also envisions a “Capital Markets Renaissance,” a term that suggests a revitalization of the financial landscape through digital assets.
The framework introduces several categories of digital assets. Saylor describes a “digital commodity” as an asset that is not issued by any entity but is supported by digital infrastructure, highlighting Bitcoin as a prime example. Furthermore, he defines a “digital security” as an asset that comes with an issuer and is underpinned by traditional securities such as equity, debt, or derivatives.
Core Principles of Saylor’s Proposal
The framework goes on to clarify the concept of a “digital token,” which is characterized by its utility, alongside descriptions of “digital NFTs” and “digital ABTs.” The latter refers to assets that have issuers and are backed by physical commodities like gold, oil, or agricultural products. There is a strong emphasis on establishing a thorough “framework of rights and responsibilities” that pertains to asset issuers, exchanges, and asset owners. This is intended to empower participants to engage confidently in the digital asset marketplace.
One of the fundamental tenets of Saylor’s proposal is the assertion that “No one has the right to lie, cheat, or steal.” This principle stresses that all market participants bear civil and criminal accountability for their actions, underscoring the importance of integrity in the evolving digital landscape.
MicroStrategy’s Rise in the Market
Recently, MicroStrategy’s ascent in the business intelligence sector was underscored by its inclusion in the Nasdaq 100 index, which traditionally comprises non-financial companies. This achievement places MicroStrategy alongside industry titans such as Tesla, Microsoft, and Amazon. The company’s remarkable market capitalization growth has primarily been fueled by its strategic accumulation of Bitcoin, which has allowed it to navigate the competitive financial environment effectively.
Recent capital raises from shareholders have further facilitated these Bitcoin accumulations, enabling investors to gain exposure to this cryptocurrency through their indirect investments in MicroStrategy.
This article was originally published on U.Today
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