Michael Saylor proposes a digital asset spectrum framework: BTC represents digital capital, STRC represents digital credit
Odaily 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 decrease, while stability and transactional utility continue to rise.
Saylor stated that Bitcoin is the "ultimate store-of-value asset," possessing high volatility, high potential returns, and digital asset attributes that do not require third-party credit backing; meanwhile, stablecoins 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, STRC is defined by Saylor as "Digital Credit," characterized by relative stability, high fixed returns, and a certain degree of store-of-value attributes.
He further stated that Digital Money combines the technological aspects of digital currency with the economic attributes of digital capital, offering stability, yield-generating capability, transactional convenience, and store-of-value functionality.
Saylor noted that Digital Capital is 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 form the future "Digital Finance Stack."
