Michael Saylor proposes a digital asset spectrum framework: BTC as digital capital, STRC representing digital credit

Odaily News, Strategy founder Michael Saylor has proposed the concept of the "Digital Assets Monetary Spectrum," categorizing different types of digital assets based on volatility, return potential, and transactional functionality.

Saylor stated that the digital asset system can be divided into four tiers:

Bitcoin (BTC): Digital Capital

STRC: Digital Credit

SR-strcUSX: Digital Money

USDT: Digital Currency

He believes that, moving from left to right, asset volatility and return potential gradually decline, while stability and transactional utility continue to increase.

Saylor noted that Bitcoin is the "ultimate store-of-value asset," possessing high volatility, high potential returns, and digital asset characteristics that require no third-party credit endorsement. Stablecoins, on the other hand, serve as the "ultimate medium of exchange," emphasizing stability and payment functionality.

Between the two, digital credit and digital money serve as the bridge connecting capital and currency. Among these, Saylor defines STRC as "digital credit," characterized by relative stability, high fixed returns, and certain store-of-value attributes.

He further explained that digital money combines the technological aspects of digital currency with the economic attributes of digital capital, offering stability, yield capability, transactional convenience, and store-of-value functionality.

Saylor stated that digital capital qualifies as a bearer asset, while assets such as digital credit, digital money, and digital cash are created and managed by digital finance companies, with their ownership layer corresponding to "Digital Equity." Together, these components constitute the future "Digital Finance Stack."