Michael Saylor, co-founder and executive chairman of MicroStrategy, wants to follow in the footsteps of pseudonymous Bitcoin founder Satoshi Nakamoto and leave his wealth to humanity.
in a recent interview new zealand heraldReflecting on his personal motivations, Saylor revealed that his goals go beyond wealth.
“I'm single and I don't have any children. When I'm gone, I'm gone too. Just like Satoshi left 1 million Bitcoins in space, I plan to leave everything I have to civilization.” ” he said.
In the interview, Thaler described Bitcoin as the future of economics, comparing it to steel and electricity.
“Steel and electricity, those are two big issues, but if you take away electricity, you don't have elevators,” he said. “If you take away the steel frame, the building will collapse.”
Thaler believes Bitcoin provides a similar economic foundation, describing it as “clean, quiet, programmable, immortal money.”
“If you want your company, your family, your endowment to last forever, you need to leverage your assets with assets that won't deteriorate,” Saylor said in an interview.
In his view, traditional currencies degrade like fragile “economic clay or balsa wood,” but Bitcoin retains its value over time.
“The dollar rate is 7% a year for 100 years. If you lose 7% of your energy for 100 years, you lose 99.9% of yourself,” Thaler said.
He also compared Bitcoin to a battery that never loses its charge, suggesting how it retains economic energy indefinitely.
Bitcoin evangelists see the world's largest cryptocurrency as “a huge step forward for humanity, because for the first time economics has moved from an art to a science.”
Reflecting on the role that Bitcoin can play in building the future, Thaler said, “8 billion people have cryptocurrency steel and economic steel, so in the 21st century, the 20th century economy struggling with clay and cotton candy will be replaced by a 20th century economy struggling with clay and cotton candy. “We can build something much grander than all the academics.”
While Thaler acknowledged that Bitcoin is not the solution to all problems, he emphasized its importance as a source of economic energy.
“It's not going to get you on a plane, it's not going to cure your cancer, it's not going to make you happy, it's not going to solve your mental problems, it's not going to make your kids love you,” Saylor said. “This is economic energy and could solve half the world's problems.”
Under Saylor's leadership, MicroStrategy has amassed 252,200 Bitcoins worth approximately $16 billion, establishing itself as the largest Bitcoin holder among companies.
Earlier this month, Thaler said MicroStrategy was transitioning from a software company to what he called a “Bitcoin bank” with a potential multi-trillion dollar valuation by issuing securities backed by Bitcoin. Explained.
Critics have dubbed the strategy an “infinite money glitch,” but Saylor dismissed that characterization in an interview: “This is not a money glitch, it's a digital transformation of capital markets.”
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