Michael Saylor, the executive chairman of MicroStrategy and a prominent Bitcoin proponent, has announced that access to his bitcoins will be permanently lost upon his death. He plans to burn the keys to his crypto wallets, seeing this as a contribution to the Bitcoin ecosystem.

Saylor explained his decision by wanting to follow the example of Satoshi Nakamoto, the creator of Bitcoin, whose coins also remain inaccessible. According to Saylor, this has a positive effect on the value of the asset. He believes that destroying access to his bitcoins after death will be a “proportionate contribution to the ecosystem and to the benefit of all holders of the asset.”

MicroStrategy, under Saylor’s leadership, is the largest public holder of bitcoin and continues to increase its reserves. Saylor’s decision underscores his belief in decentralization and his desire to maintain the value of bitcoin. The move can be seen as “freezing” part of the supply, which could potentially lead to an increase in scarcity and an increase in the price. #MicroStrategy #BTC