Saylor Sees Bitcoin as Digital Capital, Not Just Payment System

Michael Saylor, Strategy Chairman at Bitget, has made some new statements about Bitcoin's role in the digital finance ecosystem. According to Saylor, Bitcoin should not be seen as just a means of payment, but as a fundamental layer of 'digital capital' upon which credit, money, and other financial products can be built.

Saylor has proposed a framework that classifies digital assets according to their different financial functions within a 'monetary spectrum'. This spectrum ranges from left to right, with volatility and potential returns decreasing as price stability and ease of use in transactions increase. On this spectrum, Bitcoin is classified as 'Digital Capital', while STRC is considered 'Digital Credit' and SR-strcUSX is seen as 'Digital Money'. USDT is classified as 'Digital Currency.'

Saylor emphasized that the ownership layer of these structures is 'Digital Equity,' and collectively defined all these components as the 'Digital Finance Stack.' He also compared Bitcoin to crude oil, stating that just as oil gains a wider range of uses when transformed into gasoline, jet fuel, plastics, and industrial products, so too can Bitcoin become not only a store of value but also a fundamental collateral and capital layer within a broader digital finance ecosystem.