Michael Saylor Aims to Be a Philanthropic Force Like Satoshi, Comparing Bitcoin to Steel and Electricity
In a recent interview with The New Zealand Herald, Michael Saylor, co-founder and CEO of MicroStrategy, shared his ambitious plan to give away his wealth for the betterment of humanity, drawing inspiration from the mysterious Bitcoin creator, Satoshi Nakamoto. Saylor’s vision goes beyond the mere accumulation of wealth, as he desires to leave a lasting contribution to society.
As Saylor explained, “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.” This highlights his intention to make a significant impact on the welfare of society.
During the interview, Saylor went on to describe Bitcoin as not just a currency, but as a revolutionary force comparable to the transformative power 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.” To him, Bitcoin represents a strong and enduring foundation for the future economy, referring to it as “clean, silent, programmable, immortal money.”
In order to ensure longevity for businesses, families, and wealth, Saylor believes it is essential to capitalize on assets that do not degrade over time. He compared traditional currencies to fragile materials like economic clay or balsa wood, emphasizing Bitcoin’s superiority. Saylor noted 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 further drew an interesting analogy, likening Bitcoin to a battery that never loses its charge, highlighting its ability to retain economic energy indefinitely. He sees cryptocurrency as a pivotal milestone for humanity, transforming economics from an art into a science.
When contemplating Bitcoin’s potential to shape the future, Saylor painted an optimistic picture, stating, “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 cannot solve all problems, Saylor highlighted its significance as an economic energy source that can tackle 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 in this article, by the author or anyone mentioned, are solely for informational purposes and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.