Michael Saylor Unveils 'Digital Asset Stack' with Five Layers
Michael Saylor, founder of Strategy, introduced a five-layer 'digital asset stack' comprising digital capital (bitcoin), digital credit, digital money, digital yield, and digital capital (equities).
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Michael Saylor, founder of Strategy, presented a concept of a digital asset stack that outlines five layers forming a modern financial system.
- Digital Capital (Bitcoin) – a base scarce asset, analogous to gold or luxury real estate.
- Digital Credit – fixed-income instruments backed by bitcoin, designed to reduce volatility for investors.
- Digital Money – stablecoins and dollar-pegged funds that generate yield through the credit layer.
- Digital Yield – complex leveraged products for high-risk tolerance.
- Digital Capital (Equities) – shares of companies like Strategy that absorb volatility and aim for excess returns.
The concept was detailed in the original source, which also discusses practical applications.
Source: ForkLog