Michael Saylor, co-founder of MicroStrategy, recently announced in a podcast with The New Zealand Herald that he intends to donate his Bitcoin wealth to humanity.
In an episode of the “Markets with Madison” podcast, Saylor shared his long-term version of what he hopes will leave a lasting impact, citing inspiration from BTC pseudonymous founder, Satoshi Nakamoto.
Michael Saylor Presents Vision: “Bitcoin is the Future of the Economy”
Sailor revealed his personal motivations in the interview, explaining that his legacy goes beyond just material wealth. “I’m just one person. I don’t have any kids. When I die, that’s it,” he said.
🚨JUST RELEASED: Saylor on what he’ll do with his Bitcoin when he’s gone.
“I’m a single guy with no children— when I’m gone, I’m gone. Just like Satoshi left a million Bitcoin to the universal, I’m leaving whatever I’ve got to the civilization.”@maddireidy @saylor pic.twitter.com/gC9HGs5Tk7
— Cory Bates (@corybates1895) October 20, 2024
He expressed his intention to leave his BTC wealth to humanity, comparing it to the actions of Nakamoto, who left 1 million BTC around the world.
Saylor described BTC as “an environmentally friendly, silent, programmable, immortal currency” and explained that he believes it will be the cornerstone of the future economy.
He likened BTC to fundamental innovations such as steel or electricity, emphasizing how they form the basis of a new economic structure.
Sailor urged the public not to miss this paradigm shift, saying, “Each energy revolution was a shocking and scary paradigm shift. And for 30 years, people resisted it. There was plenty of reason to be afraid, with houses burning down and people getting electrocuted.”
He emphasized that Bitcoin is more resilient than traditional currencies, which lose value due to inflation.
He added, “If someone wants their business, their family, or their endowment to last forever, they need to capitalize on assets that don’t slowly disappear.”
MicroStrategy’s Bitcoin Strategy and Saylor’s Long-Term Outlook
Under Saylor’s leadership, MicroStrategy has become the world’s largest BTC holder, currently holding 252,200 BTC, worth about $16 billion.
MicroStrategy’s shift from software development to becoming the world’s largest institutional BTC holder is in line with Saylor’s vision for the future.
He argued that BTC could be a hedge against inflation, driving corporate valuations into the trillions of dollars.
Recently, it has been suggested that companies like Apple could significantly increase their market capitalization if they invested in BTC instead of buying back their own shares.
If Saylor’s argument is true, Apple could invest $100 billion in BTC and see its market cap grow by $500 billion.
NEW: Michael Saylor explains why Apple should buy #Bitcoin 🚀 pic.twitter.com/3PZwh1UfpR
— Simply Bitcoin (@SimplyBitcoinTV) October 21, 2024
Sailor’s vision for BTC goes beyond just personal wealth creation or MicroStrategy’s corporate strategy.
He predicted that BTC could reach $13 million per coin within 21 years.
JUST IN: Michael Saylor says #Bitcoin is going to $13 MILLIONpic.twitter.com/UTKfVhW8rR
— wallstreetbets (@wallstreetbets) September 9, 2024
He believes that Bitcoin is an appreciation-oriented and resilient asset, while traditional reserves are vulnerable to inflation.
“The long-term value of BTC is undeniable,” Sailor confidently concluded.
