Michael Saylor wants to give away his wealth like Satoshi.
Bitcoin compared to steel and electricity by Saylor.
MicroStrategy transforms into a Bitcoin bank.
Michael Saylor, co-founder and CEO of MicroStrategy, has a grand plan for his wealth: to give it away to humanity, much like the enigmatic creator of Bitcoin, Satoshi Nakamoto. In a revealing interview with The New Zealand Herald, Saylor shared details about his vision and personal motivation that go beyond the mere accumulation of wealth.
“I’m a single guy, I don’t have kids — when I’m gone, I’m gone. Just like Satoshi left a million Bitcoins to the universe, so I’m leaving whatever I have to civilization,” he said, highlighting his desire to make a lasting contribution to the good of society.
During the interview, Saylor described Bitcoin not just as a currency, but as a revolution comparable to the rise of steel and electricity. “You take away steel and electricity — those are the big two — you take away electricity, you don’t have an elevator. Take away steel, the building falls down.” For him, Bitcoin represents a solid and lasting foundation for the future economy, calling it “clean, silent, programmable, immortal money.”
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“If you want your business, family or wealth to last forever, you need to capitalize it with an asset that doesn’t degrade,” Saylor explained, comparing traditional currencies to fragile materials like economic clay or balsa wood. He underscored Bitcoin’s superiority by noting that “the dollar rate is 7% per year for 100 years. When you lose 7% of your energy for 100 years, you lose 99,9% of whatever you are.”
Saylor also made an interesting analogy, comparing Bitcoin to a battery that never loses its charge, highlighting its ability to retain economic energy indefinitely. He sees cryptocurrency as a crucial milestone for humanity, transforming economics from an art into a science.
Reflecting on Bitcoin’s potential to shape the future, Saylor cast an optimistic vision: “With 8 billion people with crypto steel or economic steel, we can build something much bigger in the 21st century than all the economists of the 20th century struggling with clay and cotton candy.”
While acknowledging that Bitcoin is not a solution to all problems, Saylor emphasized its importance as an economic energy source that can solve many of the world’s challenges. “It’s not going to make you fly, it’s not going to cure your cancer, it’s not going to make you happy, it’s not going to solve your mental health problem, and it’s not going to make your kids love you. It’s economic energy — it’s going to solve half the world’s problems.”
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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