Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, July 31
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Michael Saylor Says He’ll Give Away His Bitcoin—Like Satoshi Nakamoto
    Bitcoin

    Michael Saylor Says He’ll Give Away His Bitcoin—Like Satoshi Nakamoto

    October 22, 20243 Mins Read


    Michael Saylor, co-founder and executive chairman of MicroStrategy, wishes to leave his wealth to humanity, following in the footsteps of the pseudonymous Bitcoin creator Satoshi Nakamoto.

    In a recent interview with The New Zealand Herald, Saylor reflected on his personal motivation, revealing his goal goes beyond wealth.

    “I’m a single guy, I have no children — when I’m gone, I’m gone. Just like Satoshi left a million Bitcoin to the universe, so I’m leaving whatever I’ve got to the civilization,” he said.

    In the interview, Saylor described Bitcoin as the future of economics, comparing it to steel and electricity.

    “You take away steel and electricity—those are two big ones—take away the electricity, you have no elevator,” he said. “Take away steel, the building falls over.”

    Saylor believes Bitcoin offers a similar foundation for the economy, describing it as “clean, silent, programmable, immortal money.”

    “If you want your company, family, or endowment to last forever, you need to capitalize it with an asset that doesn’t degrade,” Saylor said during the interview.

    In his view, traditional currencies degrade like fragile “economic clay or balsa wood,” while Bitcoin retains value over time.

    “The rate of the dollar is 7% a year for 100 years. When you lose 7% of your energy for 100 years, you lose 99.9% of whatever you are,” Saylor noted.

    He also compared Bitcoin to a battery that never loses its charge, implying how it retains economic energy indefinitely.

    The Bitcoin evangelist sees the world’s largest cryptocurrency as “a profound step forward for the human race, because for the first time, economics crosses from being an art to being a science.”

    Saylor reflected on the role Bitcoin can play in building the future: “With 8 billion people with crypto steel or economic steel, we can build something much grander in the 21st century than all the 20th-century economists struggling with clay and cotton candy.”

    While Saylor acknowledged that Bitcoin is not a solution for every problem, he stressed its importance as a source of economic energy.

    “It won’t fly you, it won’t cure your cancer, it won’t make you happy, it won’t solve your mental issue, and it won’t make your children love you.” However, Saylor remarked, “It’s economic energy—it’ll solve half the world’s problems.”

    Under Saylor’s leadership, MicroStrategy has accumulated 252,200 Bitcoin, worth approximately $16 billion, positioning it as the largest Bitcoin holder among companies.

    Earlier this month, Saylor explained MicroStrategy is shifting from a software company to what he calls a “Bitcoin bank” with a potential trillion-dollar valuation by issuing securities backed by Bitcoin.

    Although critics have labeled this strategy an “infinite money glitch,” Saylor dismissed the characterization in the interview: “It’s not a money glitch—it’s a digital transformation of the capital markets.”

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin Price Faces Resistance as Analysts Now Weigh Pre-Election Consolidation
    Next Article Saylor’s Latest Remarks Shock The Bitcoin World: What He Said

    Related Posts

    Bitcoin

    US Closes In Of Iran’s Bitcoin Insurance Policy

    July 31, 2026
    Bitcoin

    $10,000 Split Between Bitcoin and XRP vs $10,000 in the S&P 500: Which Is Worth More by 2030?

    July 31, 2026
    Bitcoin

    Rectitude Drops Bitcoin Facility as Strategy Posts $8.22B Loss

    July 31, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Coinbase Disrupts Bitcoin Backed Lending With Low Bar for Servicing Americans

    October 28, 2025
    Property

    Asia 2026: 10 questions for China’s year ahead | articles

    December 3, 2025
    Commodities

    The Commodities Feed: Oil rallies as Zelensky-Putin meeting looks unlikely | articles

    August 28, 2025
    What's Hot

    Bitcoin weakens in Asia trading as Fed rate decision looms

    July 27, 2026

    Copper reaches two-week high as weak dollar boosts metals

    April 21, 2025

    AI helps man recover $400,000 in Bitcoin 11 years after he got high and forgot password

    May 13, 2026
    Most Popular

    Bodycote stock tumbles after Apollo drops takeover bid By Investing.com

    June 5, 2026

    Sensex Today | Stock Market Live Updates: Nifty dips by over 220 points; JSW Holdings dips by 3.5%

    May 8, 2025

    La Banque nationale tchèque est prête à étudier l’idée d’une réserve stratégique composée en partie de Bitcoins

    January 30, 2025
    Editor's Picks

    Gold holds steady as investors focus on US economic data

    October 29, 2024

    Attention aux formations payantes non reconnues

    April 25, 2025

    Get real with commodities: Why consider real assets? | Insights

    November 30, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.