Michael SaylorA prominent Bitcoin evangelist and co-founder of the giant MicroStrategy, published a post on social media platform
The document detailing this concept was posted on Michael Saylor's personal website.
Bitcoin Policy and Strategic Digital Assets of the United States
The document published by Saylor is titled “Digital Asset Framework, Principles and Opportunities for the United States.”
He proposes dividing digital assets into several groups, legitimizing them, creating “rational compliance” as well as presenting a vision of a “capital markets renaissance.”
As part of this concept, Saylor believes it is necessary to divide digital assets into several categories. This includes a “digital good,” i.e. assets without provenance and backed by digital power, such as Bitcoin; A “digital security,” which is “an asset held by an issuer, backed by a security (e.g., equity, debt, derivatives).”
The basic fundamentals of Saylor's concept
Then comes the definition of “digital token” (with utility being the main feature), “digital NFT” and “digital ABT”, which is “an asset with an issuer, backed by physical assets (for example, gold, oil and agricultural commodities).
The aforementioned document also includes a section on creating a “robust framework of rights and responsibilities” targeting asset issuers, exchanges and asset owners to “engage in digital asset markets with confidence.”
One of the basic principles for applying the concept and following it afterwards is: “No one has the right to lie, cheat or steal. “All participants are responsible civilly and criminally for their actions.”
Saylor's Precision Strategy has been added to the Nasdaq 100 Index
As U.Today reported, earlier this month, business intelligence firm MicroStrategy entered the Nasdaq 100 index of companies not tied to the finance industry. The Nasdaq stock exchange also includes giant companies such as Tesla, Microsoft, and Amazon. Saylor was able to achieve this remarkable feat thanks to the rapid growth in market capitalization gained as a result of using the Bitcoin strategy to accumulate this cryptocurrency.
More recently, these accumulations were made possible thanks to the debt raised by the company from shareholders who received returns on their indirect Bitcoin investments in MicroStrategy.
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