Compiled by: Huang Shiliang

After reading the article "A Digital Assets Strategy to Dominate the 21st Century Global Economy" published by the CEO of MicroStrategy after the White House Crypto Asset Discussion Meeting,A Digital Assets Strategy to Dominate the 21st Century Global Economy

I think if the US really implements this strategy, it could be a very powerful national strategy.

This article can be summarized as follows:

1. Utilize the power of the US nation to trade cryptocurrencies, especially Bitcoin, to drive up the price of Bitcoin. (The article did not go into the specific details of how to operate.)

2. Promote the global development of cryptocurrencies and blockchain, making them the most important financial assets globally.

3. Comprehensively reform the US financial infrastructure, including financial regulatory policies, around blockchain and cryptocurrencies, making the US the absolute dominant force in the cryptocurrency field.

These measures seem to be very aggressive, but I think this strategy can directly lead to the following situations.

1. The US dollar hegemony will be further strengthened.

After the borderless cryptocurrencies and blockchain are linked to the US dollar, most small countries' fiat currencies will likely be completely defeated by the US dollar on the blockchain, and foreign exchange controls will be ineffective, except for countries without the internet.

If the US really holds a large amount of Bitcoin as a national reserve, and the cryptocurrency economy continues to grow globally, the credibility of the US dollar will be further strengthened.

2. A global unified financial capital market may be formed, creating an efficient global capital market.

Still due to the borderless nature of blockchain, capital naturally likes to gather and flow, and the flow of global capital on the blockchain technology system will effectively break through geopolitical barriers and the time constraints of the current financial system.

3. US financial institutions and financial infrastructure (such as Wall Street, Goldman Sachs, US banks, etc.) will ultimately control the global financial system. Small countries don't need to bother with financial infrastructure anymore.

Of course, this strategy may also bring some negative effects, such as the drawbacks of "virtual without substance".

It's strange why the CEO of MicroStrategy only buys Bitcoin, but his strategy actually requires platforms like Ethereum with smart contracts.

Here is the AI translation of the article by the CEO of MicroStrategy:

A Digital Assets Strategy to Dominate the 21st Century Global Economy

Foreword

Through an appropriate digital asset framework, policies, and leadership, we can make the nation prosperous, enterprises strong, occupy a dominant position in the global economy, and pay off the national debt. Over the next decade, the US economy will benefit by $60 to $100 trillion and gain lasting and profound spiritual benefits.

Digital Assets: Creating a Rational Framework to Catalyze a Crypto Asset Renaissance

A clear and rational digital asset classification system can eliminate unnecessary confusion, conflicts, and disputes, while accelerating innovation, collaboration, and capital creation. A streamlined framework introduces four new digital asset categories, seamlessly integrating the traditional financial system (securities, commodities, and currencies) with the new digital economy. This framework must be elegant, intuitive, and flexible to accommodate billions of people and millions of companies.

Digital Token: Has an issuer, backed by digital utility, used for capital creation and innovation.

Digital Security: Has an issuer, backed by securities or commodities, used to improve capital efficiency and drive globalization.

Digital Currency: Has an issuer, backed by currency, used for digital commerce and to consolidate the US dollar's hegemony.

Digital Commodity: Has no issuer, backed by the power of digital networks, used for capital preservation and appreciation.

Vision: Unleash the Power of the Crypto Industry to Drive Global Economic Growth

Millions of American businesses, artists, influencers, and institutions can quickly issue digital tokens through digital exchanges and rapidly enter the capital markets.

Thousands of stocks, bonds, ETFs, and commodities can be issued as digital securities and circulate globally on computer networks 24/7.

US government bonds and currencies can circulate globally in the form of digital currencies, further consolidating America's dominance in international banking, credit, and currency markets.

Digital commodities (especially Bitcoin) as long-term assets will significantly attract global capital inflows, with the US being the primary beneficiary.

Principles: Revitalize Capitalism and Property Rights, Become the World's Banker

Issuers should have the right to create and issue assets without prior regulatory approval.

Exchanges should have the right to custody, trade, and transfer customers' digital assets without barriers.

Market participants and customers should be free to custody, trade, and transfer digital assets without regulatory interference or scrutiny.

Digital assets should flow freely on the internet, without censorship or regulatory impediments, at the fastest speeds computing can achieve.

The industry should proactively assume disclosure and compliance obligations, allowing the market to function naturally and efficiently.

By establishing excellent financial protocols, the US will lead global digital finance development, attract global capital, and lay the foundation for the future economic system of digital finance.

Action Points: End Discrimination Against Crypto Assets, Promote Bank Support

Regulators should not impose prior approval requirements on asset issuers.

Exchanges should be allowed to custody, trade, and transfer digital assets, and cooperate normally with traditional financial institutions like banks, avoiding "de-banking".

The government and traditional finance should fully recognize the legitimacy and fairness of crypto assets.

Strategic Opportunities: Transform and Dominate the US Economy Over the Next 20 Years

Digital Tokens: Expand the $10 trillion US corporate capital market, dominate global products and services.

Digital Securities: Add $20 trillion to the US in global stock, bond, and derivatives markets, expand financial market dominance.

Digital Currencies: Drive $10 trillion growth in the US debt market, strengthen the hegemony of global banking, credit, and currency markets.

Digital Commodities (Bitcoin): Add $20 trillion in long-term capital assets to the US, consolidate the wealth foundation of the US economy.

Strategic Bitcoin Reserve (SBR): A Perpetual Strategic Wealth Reserve

By 2045, strategically and systematically accumulate daily to hold 5% of the Bitcoin network's supply (99% of the total Bitcoin network).

The SBR is expected to create $16 to $81 trillion in wealth for the US Treasury by 2045, potentially paying off the national debt.

Never sell Bitcoin, and by 2045, each Bitcoin will become a stable and appreciating long-term national asset, ensuring the prosperity of America for generations.

Conclusion: Act Now to Secure America's Absolute Leadership in the 21st Century Economy

The time to act is now. Policymakers, regulators, and industry leaders should quickly collaborate to develop a responsible digital asset regulatory framework, ensure market integrity, unlock trillions of dollars in economic value, strengthen national security, and make America the global leader in the 21st century digital economy.