Michael Saylor Pledges to Donate Bitcoin Wealth to Humanity

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Jimmy Aki

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Jimmy Aki

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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and…

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Last updated:

October 22, 2024 12:24 EDT

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Michael Saylor, co-founder and executive chairman of MicroStrategy, revealed on a recent podcast with The New Zealand Herald that he intends to donate his Bitcoin wealth to humanity.

During the “Markets with Madison” podcast, Saylor shared his long-term vision to make a lasting impact, inspired by Bitcoin’s anonymous creator, Satoshi Nakamoto.

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.

He expressed his intention to leave his Bitcoin assets to civilization, comparing his actions to Nakamoto, who left one million Bitcoin to the world.

Describing Bitcoin as “clean, silent, programmable, immortal money,” Saylor explained his belief in Bitcoin as a cornerstone for future economies.

He compared Bitcoin to fundamental innovations like steel and electricity, emphasizing how it could form the basis of new economic structures.

Saylor urged people not to miss out on this paradigm shift, stating, “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.”

The Bitcoin billionaire also highlighted Bitcoin’s resilience compared to traditional currencies, which tend to lose value due to 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

Under Saylor’s leadership, MicroStrategy has become the largest corporate holder of Bitcoin, with 252,200 BTC worth approximately $16 billion.

The company’s strategic shift from software development to becoming one of the largest institutional Bitcoin holders aligns with Saylor’s vision for the future.

Saylor has argued that Bitcoin could drive trillion-dollar valuations for companies, offering a hedge against inflation.

He recently suggested that companies like Apple could significantly increase their market capitalization by investing in Bitcoin instead of stock buybacks.

According to Saylor, a $100 billion investment in Bitcoin could lead to a $500 billion growth in valuation for Apple.

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.

His belief in Bitcoin as an appreciating and resilient asset contrasts sharply with traditional reserves, which remain vulnerable to inflation.

Saylor concluded with confidence, saying, “Bitcoin’s long-term value is undeniable.”