PANews reported on December 21 that MicroStrategy CEO Michael Saylor released a digital asset framework that includes strategic Bitcoin reserves. The framework divides digital assets into six categories: non-issuer digital goods supported by computing power (such as Bitcoin), issuer digital securities, digital currencies, digital utility tokens, digital NFTs, and digital asset-backed tokens (such as gold and oil-backed tokens). Saylor said that strategic digital asset policies can strengthen the dollar, eliminate national debt, and make the United States a global leader in the 21st century digital economy.
In practice, Saylor suggested limiting the compliance costs of asset issuance to less than 1% of the size of managed assets, and annual maintenance costs to no more than 0.1%. He also proposed reducing the issuance costs (from tens of millions of dollars to hundreds of thousands of dollars) to expand the capital market access threshold from the current 4,000 listed companies to 40 million companies. He specifically suggested establishing a Bitcoin reserve, believing that this could create $16-81 trillion in wealth for the U.S. Treasury and provide a new way to offset the national debt.
