Michael Saylor wants to enshrine five freedoms at the heart of the crypto economy: create, issue, hold, transfer, and use digital assets. In an essay published on September 26, the Executive
Michael Saylor wants to enshrine five freedoms at the heart of the crypto economy: create, issue, hold, transfer, and use digital assets. In an essay published on September 26, the Executive Chairman of Strategy advocates a “declaration of digital rights” rather than a new catalog of restrictions. His ambition goes far: to enable 10 million new companies to raise capital through digital markets.
The proposal starts with something simple. Individuals and businesses should be able to create digital assets, issue them, hold them themselves or with a custodian, transfer them freely, and finally use them to pay, invest, generate income, or borrow.
This vision extends the one Saylor already defends around bitcoin. In June, he explained that Bitcoin must remain a digital capital without trying to replicate Ethereum’s yield. Financial products can then be built around this asset.
Saylor now extends this logic to the entire crypto space. For him, owning an asset is not enough if its owner can barely do anything with it. The ability to freely move a token between different wallets or providers is as important as simply holding it. The same logic applies to custody: the user should be able to choose between self-custody and specialized service.
He adds two conditions: financial privacy and convenient access to markets. Not just for professional investors.
Your 1st cryptos with CoinbaseThis link uses an affiliate program.The figure is probably the most ambitious in his text. Saylor wants 10 million new companies to be able to raise capital. He links this goal to artificial intelligence, which according to him should automate more tasks and make certain products or jobs obsolete. If this transformation accelerates, new activities will need to appear just as quickly.
Tokens then become a financing tool. Stocks and other tokenized securities hold an important place in this reasoning. The United States has just further opened this door with a five-year experimental framework for certain tokenized US stocks.
Saylor wants to go further. An investor holding a tokenized security should be able to transfer it to another provider if that one offers better credit, custody, or yield conditions. He also advocates the possibility to directly hold this type of asset.
His reasoning relies heavily on competition. If a client can leave with their assets, custodians must fight to keep them. Better service, lower costs, more attractive financing. On paper, it’s quite straightforward.
Saylor does not stop at tokens. He also wants to let “digital dollars” compete on yield. Banks, fintechs, and large tech platforms could offer them directly within their applications. When the law blocks such usage, his position is just as simple: the law must be changed.
The topic is far from settled in the United States. American banks have been trying for several months to limit rewards paid around stablecoins. They fear notably a migration of part of deposits toward these products. Cointribune recently covered the refusal of banks to compromise on stablecoin yields.
Saylor defends exactly the opposite approach: more competition. He also relies on banks to accelerate bitcoin adoption. More institutions offering custody and credit would give holders of BTC more opportunities to use their capital without selling it. His final goal shows the scale of the project. Saylor believes that digital assets could form a $100 trillion market. This is not a guaranteed forecast, but the ambition he sets for this new financial architecture. Five rights, 10 million companies, and $100 trillion. The plan is not exactly modest.
