As a seasoned crypto investor with over two decades of experience under my belt, I find Michael Saylor’s strategic digital asset policy for the US intriguing and potentially transformative. Having closely followed his journey with MicroStrategy and seen its impressive growth, I can’t help but feel that this could be the catalyst America needs to lead the global digital economy.
Michael Saylor, an ardent Bitcoin advocate and co-founder of MicroStrategy Inc., shared on platform X his proposed digital asset strategy intended to bolster the U.S. dollar and potentially spur significant economic growth for the United States during the 21st century.
The document, revealing details of that concept was published on Michael Saylor’s personal website.
Implementing a robust digital assets strategy could fortify the U.S. dollar, offset our national debt, and establish the United States as a dominant force in the 21st century’s digital economy – benefiting countless businesses, stimulating growth, and generating colossal wealth.
— Michael Saylor⚡️ (@saylor) December 20, 2024
Strategic Bitcoin and digital asset policy for the US
The document published by Saylor is titled “Digital Assets Framework, Principles, and Opportunity for the United States.”
The proposal advocates organizing digital assets into distinct categories, validating their authenticity, implementing sensible regulation, and envisioning a period of “Capital Markets Revival” – all in one go.
According to Saylor, this concept involves categorizing digital assets into distinct groups. One category would be “digital commodities”, which are assets not tied to any specific issuer and instead are supported by digital power, like Bitcoin. Another group is referred to as “digital securities”, these are assets that have an issuer, and their value is derived from traditional securities such as stocks, bonds, or derivatives.
Key fundamentals of Saylor’s concept
As a crypto enthusiast, allow me to clarify some terms that are commonly used in this space. A “digital token” is essentially a virtual representation of something useful or functional. A “digital NFT“, on the other hand, is a unique digital asset that verifies ownership or proof of authenticity of an item or piece of content. Lastly, a “digital ABT” is a type of asset that comes with an issuer and is backed by a tangible asset, such as gold, oil, agricultural commodities, and so on.
Additionally, the highlighted paper contains a part focusing on establishing a “strong system of privileges and duties” designed for asset issuers, trading platforms, and asset holders. This setup aims to enable them to participate in digital asset markets with assurance.
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
According to U.Today’s report, MicroStrategy, a business intelligence firm specializing outside the finance sector, recently joined the Nasdaq 100 index. This index includes heavyweights like Tesla, Microsoft, and Amazon. MicroStrategy managed this significant milestone by swiftly increasing its market capitalization through an approach that involves amassing Bitcoin, a popular cryptocurrency.
Recently, these amassments have been achieved through loans taken out by the company from its shareholders, who earn returns on their indirect Bitcoin investments via MicroStrategy.
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2024-12-21 14:55