Michael Saylor, founder of Strategy (formerly MicroStrategy), published an essay on September 26 titled “Prescriptions for Prosperity in the Digital Economy.” He advocates for a “bill of digital rights” granting five core rights to individuals and corporations: creating, issuing, custodying, transferring, and using digital assets. Saylor proposes a de minimis exemption for small digital asset payments to eliminate transaction-by-transaction capital gains tracking. He criticizes the CLARITY Act for focusing on restrictions rather than enabling innovation. Saylor believes digital assets can grow into a $100 trillion industry. Strategy now holds 846,000 Bitcoin worth $71.62 billion, while MSTR stock traded at $158.61 at press time.
Michael Saylor never misses an opportunity to applaud Bitcoin. In a recent X post dated September 26, he came up with an essay titled “Prescriptions for Prosperity in the Digital Economy” concerning individuals’ and companies’ broader legal freedom around digital assets.
Saylor’s core argument stems from the fact that AI will dramatically increase economic productivity. He therefore proposes what he calls a “bill of digital rights” rather than a framework with a main goal of restrictions.
In his essay, Saylor gives weight to five rights that he believes should apply to both individuals and corporations. This includes creating, issuing, custodying, transferring, and using digital assets.
Moreover, an asset becomes economically valuable based on what its owner is actually allowed to do with it. Saylor argues that restrictions on an asset’s usefulness can also restrict its economic potential.
The age of Digital Assets and Digital Intelligence needs a bill of digital rights, not a bill of restrictions.
He refers to Bitcoin as “digital capital” and wants banks to be able to custody BTC and provide loans against it under workable regulations. He also wants insurers to incorporate digital assets into their balance sheets and products.
Saylor further argues that using digital assets for everyday purchases can create unnecessary tax calculations. Therefore, he proposes a meaningful ‘de minimis’ exemption for ordinary digital-asset payments, with a larger, inflation-adjusted threshold that removes transaction-by-transaction calculations.
Besides this, Saylor also wants the SEC, CFTC, Treasury, and White House to remove unnecessary barriers and create clearer pathways for digital-asset products. He criticizes the CLARITY Act for placing too much emphasis on restrictions, arguing that regulation should provide certainty without limiting innovation.
I believe digital assets can grow into a $100 trillion industry. Reaching that potential will require millions of people and companies experimenting with better ways to create and organize capital.
Saylor’s comments emerge as Strategy’s Bitcoin holdings have reached 846,000 BTC, worth $71.62 billion. Meanwhile, MSTR stock was trading at $158.61 at press time after a decline of 1.86% in the past trading session.
At the same time, STRC was changing hands at $98.54 after a hike of 0.23% during the same period. Lastly, Bitcoin was hovering around $84,640.20 at press time after jumping from $75k within weeks.
