U.Today – Michael Saylor, vocal evangelist and co-founder of giant MicroStrategy, published a post on social media platform great economic boost in the 21st century.
The document revealing details of that concept was posted on Michael Saylor’s personal website.
Bitcoin and digital assets strategic policy for the US
The document published by Saylor is titled “Digital Asset Framework, Principles and Principles.” Chance (SO:) for the United States.”
He suggests dividing digital assets into several groups, establishing legitimacy for them, establishing “rational compliance,” and offering a vision for the “renaissance of capital markets.”
As part of this concept, Saylor believes that it is necessary to divide digital assets into several categories. That includes a “digital product,” that is, assets with no issuer and backed by digital power, such as Bitcoin; a “digital security,” which is “an asset with an issuer, backed by a security (e.g., equity, debt, derivatives).”
Key foundations of Saylor’s concept
Next comes the definition of a “digital token” (utility being the main feature), a “digital NFT” and a “digital ABT”, which is “an asset with an issuer, backed by a physical asset (e.g. gold, oil, agricultural products).”
The aforementioned document also includes a section on creating a “robust framework of rights and responsibilities” aimed at asset issuers, exchanges and asset owners in order to “participate in digital asset markets with confidence.”
A key principle for implementing the concept and following it afterwards says: “No one has the right to lie, cheat, or steal. All participants are civilly and criminally responsible for their actions.”
Saylor’s MicroStrategy added to Nasdaq 100
As reported by U.Today, earlier this month, business intelligence firm MicroStrategy entered the group of companies not related to the financial industry. Nasdaq also has giants like Tesla (NASDAQ:), Microsoft (NASDAQ:) and Amazon (NASDAQ:). Saylor’s company was able to achieve that notable achievement thanks to the rapid growth in market capitalization obtained due to the use of the Bitcoin strategy of accumulating this cryptocurrency.
Lately, these accumulations have been made thanks to debt raised by the company from shareholders who receive returns from their indirect Bitcoin investments in MicroStrategy.
This article was originally published on U.Today.