BlockBeats news, on June 16, Michael Saylor, founder of Strategy, posted this morning introducing the concept of the "Modern Digital Asset Stack," arguing that Bitcoin is not only digital capital but will also serve as the foundational layer for financial products such as digital credit, digital money, digital yield, and digital equity, driving Bitcoin's evolution from a single asset into the global financial infrastructure.
Saylor stated that Bitcoin’s volatility can be transformed into income-generating products without requiring protocol modifications, staking, or minting. Digital credit products, such as those in the STRC category, can generate yield, while digital currencies can be combined with Bitcoin-backed credit assets and cash equivalents to create stable-value instruments with yields of approximately 6%-8%.
He believes that, in the future, stablecoins, payment networks, wallets, exchanges, and DeFi protocols can all operate on Bitcoin-supported capital structures, providing digital capital, yield products, and stable-value assets to investors with varying risk appetites.
Saylor emphasized that Bitcoin will maintain its fixed supply cap of 21 million coins, and that most innovation should occur at the levels of custody, securities, credit, payment systems, and capital markets—rather than altering the Bitcoin protocol itself. He stated, “Bitcoin is digital capital, and the world will build its financial system on top of Bitcoin.”