Michael Saylor, co-founder of Strategy, said the age of digital assets and artificial intelligence needs a "bill of digital rights," not more restrictions.
In an essay posted on X on Saturday, Saylor wrote that AI can increase production, but better money and capital markets are still needed to unlock that potential. Saylor is the executive chairman of Strategy, the world’s largest corporate Bitcoin holder.
Five freedoms for digital assets
Saylor said a workable framework for digital assets should set out five fundamental rights, or freedoms.
- The freedom to create new digital assets.
- The freedom to issue those assets to the market to finance business activity and productivity.
- The right to hold digital assets or choose a custodian.
- The right to transfer assets among people, companies, wallets and service providers.
- The right to use digital assets to spend, invest, earn income and borrow against them.
He said those rights should apply to both individuals and companies. "An asset’s value depends on what its owner can do with it. Restrict its usefulness, and you restrict its economic potential," Saylor wrote.
Saylor links prosperity to business formation
Saylor argued that digital intelligence will automate jobs and make many products obsolete. In that setting, he wrote, future prosperity will depend on how quickly new businesses and new opportunities can be created.
"Our ambition should be to enable 10 million new companies to raise capital," he said.
Cointelegraph also points to Strategy’s latest Bitcoin purchase
Cointelegraph reported on Monday that Strategy resumed buying Bitcoin after a two-week pause. The company bought 950 BTC for $75.7 million at an average price of $79,670 per coin.
That lifted Strategy’s holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per coin. Bitcoin was trading at about $84,523 at the time of publication, according to Cointelegraph.