Michael Saylor proposed the "Five-Layer Architecture of Digital Assets," stating that Bitcoin will evolve into the foundation of the global financial system

BlockBeats News, June 16 — Strategy founder Michael Saylor posted this morning, proposing the concept of a “Modern Digital Asset Stack.” He believes that Bitcoin is not only digital capital (Digital Capital), but will also become the underlying foundation for financial products such as digital credit (Digital Credit), digital money (Digital Money), digital yield (Digital Yield), and digital equity (Digital Equity), driving Bitcoin’s evolution from a single asset into a global financial architecture.

Saylor said that Bitcoin does not require protocol changes, staking, or additional issuance, and its volatility can be converted into yield-generating products through capital structure. Among them, digital credit represented by STRC-type products can provide returns, while digital money can be built by combining credit assets supported by Bitcoin with cash equivalents, creating stable value instruments with a yield of approximately 6%-8%.

He believes that in the future, stablecoins, payment networks, wallets, exchanges, and DeFi protocols can all operate based on capital structures supported by Bitcoin, providing investors with digital capital, yield products, and stable value assets tailored to different risk preferences.

Saylor emphasized that Bitcoin will still maintain a fixed supply cap of 21 million coins, and that the vast majority of innovation should take place at the levels of custody, securities, credit, payment systems, and capital markets—not by changing Bitcoin’s protocol itself—and said, “Bitcoin is digital capital, and the world will build a financial system on top of Bitcoin.”