Bitcoin Wealth Will Be Donated to Humanity, Says Michael Saylor

Posted by cryptonews Crypto News October 22, 2024 986 Views

With an emphasis on Bitcoin’s potential impact on economies in the future, Michael Saylor discusses his intentions to donate his wealth.

In a recent podcast with The New Zealand Herald, MicroStrategy co-founder and executive chairman Michael Saylor stated that he plans to give his Bitcoin fortune to the world.

Inspired by Satoshi Nakamoto, the anonymous creator of Bitcoin, Saylor discussed his long-term goal to leave a lasting impression on the “Markets with Madison” podcast.

Michael Saylor’s Vision of Bitcoin as the Future of Economics

Saylor reflected on his personal motivations during the interview, explaining that his legacy extends beyond material wealth. “I’m a single guy, I have no children — when I’m gone, I’m gone,” he said.

Comparing his actions to those of Nakamoto, who left one million Bitcoin to the world, he stated his intention to leave his Bitcoin assets to civilization.

Saylor described Bitcoin as “clean, silent, programmable, immortal money,” which clarified why he thinks it will be a key component of economies in the future.

He emphasized how Bitcoin could serve as the foundation for new economic systems by drawing comparisons to basic inventions like steel and electricity.

Saylor said, “Each of these energy revolutions, it was a shocking, scary paradigm shift, and for 30 years people rejected it, and for good reason, their city burned down or their houses burned down and they got electrocuted.” She urged people not to miss this paradigm shift.

The Bitcoin billionaire also emphasized how resilient Bitcoin is in contrast to conventional currencies, which are prone to depreciation as a result of inflation.

“If you want your company, family, or endowment to last forever, you need to capitalize it with an asset that doesn’t degrade,” he added.

MicroStrategy’s Bitcoin Strategy and Saylor’s Long-Term Predictions

With 252,200 BTC valued at about $16 billion, MicroStrategy has grown to be the biggest corporate Bitcoin holder under Saylor’s direction.

Saylor’s outlook for the future is in line with the company’s strategic move from software development to rank among the biggest institutional Bitcoin holders.

According to Saylor, Bitcoin has the potential to propel company valuations to trillions of dollars, providing a hedge against inflation.

He recently proposed that investing in Bitcoin rather than stock buybacks would allow companies like Apple to dramatically increase their market capitalization.

Saylor estimates that a $100 billion investment in Bitcoin could increase Apple’s value by $500 billion.

Saylor’s vision for Bitcoin extends beyond his personal wealth or MicroStrategy’s corporate strategy.

He predicts that Bitcoin could reach a value of $13 million per coin within the next 21 years.

In stark contrast to traditional reserves, which are still susceptible to inflation, he views Bitcoin as a resilient and appreciating asset.

“Bitcoin’s long-term value is undeniable,” Saylor concluded confidently.

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