U.Today – Michael Saylor, evangelist and founder of the MicroStrategy giant, has published a post on the X social media platform, paying attention to his readers that the digital asset policy “can strengthen the US dollar” and help. America is experiencing great economic growth in the 21st century.
A document detailing the idea was published on Michael Saylor's website.
Strategic Bitcoin and US digital asset policy
The document published by Saylor is titled “The Digital Assets Framework, Principles, and Opportunity (SO:) United States. “
It proposes to divide the digital assets into several groups, to establish their legality, to set up a “rational compliance” and to provide a vision for the “renewal of Marketing Markets.”
As part of this concept, Saylor believes that it is necessary to separate the digital asset into several categories. That includes “digital products,” ie, assets that have no issuer and are backed by digital energy, such as Bitcoin; “digital security,” which is “An asset that has an issuer, backed by collateral (eg, equity, debt, derivatives).”
Fundamentals of Saylor's theory
Then goes the definition of “digital token” (and the underlying asset), “digital NFT” and “digital ABT,” which are “An asset with an issuer, backed by a physical asset (e.g., gold, oil, agricultural production).
The aforementioned document also includes a section on the creation of a “strong framework of rights and responsibilities” aimed at asset providers, exchanges and asset owners in order to “engage in digital asset markets with confidence.”
The main principle of implementing the idea and following it is: “No one has the right to lie, cheat or steal.” All participants bear civil and criminal responsibility for their actions. “
Saylor's MicroStrategy was added to the Nasdaq 100
As reported by U.Today, earlier this month, the MicroStrategy business intelligence firm entered into companies that are not related to the financial industry. Nasdaq also has giants like Tesla (NASDAQ:), Microsoft (NASDAQ:) and Amazon (NASDAQ:). Saylor's company was able to make such an amazing success because of the rapid growth of the market capitalization obtained as a result of using the Bitcoin strategy to collect this cryptocurrency.
So far, this addition has been made due to the debt raised by the company to shareholders who receive a return on their indirect Bitcoin investment in MicroStrategy.