Michael Saylor proposes five digital asset rights, calls for allowing financial firms to custody bitcoin

Michael Saylor argued that 5 rights to digital assets must be guaranteed for individuals and companies.

According to blockchain media outlet Cryptopolitan on Sept. 26 (local time), Saylor said equal rights must be guaranteed to create digital assets, issue them to raise funds, custody them directly or through a chosen provider, transfer them freely, and use them for spending, investment, generating returns and borrowing.

At the core of his argument is the need to broaden capital-raising channels in an economy centred on artificial intelligence (AI). Saylor said AI and automation will eliminate jobs and make existing products outdated, and that prosperity depends on launching companies faster than legacy companies disappear. He added that the United States should enable 10,000,000 new companies to raise capital and argued that early initial coin offering markets showed that possibility.

Saylor pointed out that among 40,000,000 companies in the United States, only about 400 well-known companies can easily raise money in public markets. Citing BSTR and Twenty One, he said Twenty One listed about 18 months ago through a special purpose acquisition company merger but still finds it difficult to raise additional funds despite having billions of dollars in capital and legal manpower.