Michael Saylor Shares Plan to Give Away Wealth, Inspired by Satoshi
Michael Saylor, the co-founder and CEO of MicroStrategy, has a unique plan for his wealth: he wants to give it away to humanity, following in the footsteps of Bitcoin’s mysterious creator, Satoshi Nakamoto. In an enlightening interview with The New Zealand Herald, Saylor revealed his vision and personal motivation, which extend far beyond the mere accumulation of wealth.
As a single individual without children, Saylor expressed his desire to leave a lasting contribution to society, much like Satoshi, who left a million Bitcoins to the world. “Just like Satoshi left a million Bitcoins to the universe, so I’m leaving whatever I have to civilization,” he stated.
During the interview, Saylor went on to describe Bitcoin as not just a currency, but a revolution comparable to the advancements of steel and electricity. He emphasized the significance of these two elements, stating, “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 Saylor, Bitcoin represents a solid and enduring foundation for the future economy, as he referred to it as “clean, silent, programmable, immortal money.”
Saylor further explained his belief that to ensure longevity for businesses, families, and wealth, they must be capitalized with an asset that does not degrade. He likened traditional currencies to fragile materials such as economic clay or balsa wood, highlighting Bitcoin’s superiority. “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,” he pointed out.
Drawing an interesting analogy, Saylor compared Bitcoin to a battery that never loses its charge, emphasizing its ability to retain economic energy indefinitely. He sees cryptocurrency as a pivotal milestone for humanity, transforming economics from an art into a science.
Looking to the future, Saylor expressed an optimistic outlook on Bitcoin’s potential to shape society. He envisioned a world where 8 billion people possess “crypto steel” or economic steel, enabling the creation of something far greater than the efforts of economists from the previous century who struggled with “clay and cotton candy.”
While acknowledging that Bitcoin is not a solution to all problems, Saylor stressed its importance as an economic energy source that can address 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 opinions expressed in this article are for informational purposes only and do not constitute financial or investment advice. Investing or trading cryptocurrencies carries a risk of financial loss.