MicroStrategy co-founder and chairman Michael Saylor has garnered attention with his Bitcoin statement.
Michael Saylor stated that he intends to leave Bitcoin to humanity. In an interview with a New Zealand media outlet, Saylor stated that he has a goal beyond his wealth and included the following statements:
I live alone, I have no children; when I go, I will go. Just as Satoshi left, I too will leave everything I have to civilization.
Saylor emphasized that Bitcoin will shape the future economy and described Bitcoin as “clean, silent, programmable, immortal money.”
Bitcoin, Saylor said, has been likened to the importance of steel and electricity as the foundation of economic structure. “If you take away steel and electricity — these are big things — if you take away electricity, there’s no elevator. If you take away steel, the building collapses,” he said.
Stating that traditional currencies lose value over time, Saylor said that Bitcoin will maintain its value in the long term. “The annual loss of the dollar is 7%. When you lose 7% of your energy, you lose 99.9% of everything you have in 100 years,” he added.
Bitcoin won't cure cancer, but it can improve the economy
Saylor argued that Bitcoin is a “profound advancement” for humanity, saying that 8 billion people in the future could build bigger things with Bitcoin. However, he also noted that Bitcoin does not solve every problem; “It does not make you fly, it does not cure cancer, it does not make you happy,” he said.
However, he emphasized that as “economic energy,” it could solve half of the world’s problems. Under Saylor’s leadership, MicroStrategy collected a total of 252,200 Bitcoins, making it the largest Bitcoin holder among companies.
On the other hand, Saylor’s suggestion of storing Bitcoin through banks, which “shouldn’t go too far,” was criticized by the Bitcoin community. Saylor argued that Bitcoin users have nothing to lose by switching to institutional institutions, a stance that contradicts his previous views.
At a time when Bitcoin emphasizes the importance of self-preservation, Saylor, who recommended trusting banks, said, “Anyone who thinks state-approved Bitcoin seizure is possible is a paranoid crypto-anarchist.” Saylor’s new approach was not welcomed by many Bitcoin users.
“Saylor is trying to turn Bitcoin into an investment vehicle and stop it from being used as a currency,” said Sina, founder of 21st Capital, while Simon Dixon, author of the book Bank to the Future, stated that Saylor’s plan to turn itself into a Bitcoin bank in line with its own interests is not serving.
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