• Saylor believes Bitcoin can change the market for the greater good.
  • He compares Bitcoin to revolutionary inventions like steel and electricity. 
  • His company, MicroStrategy, holds the most Bitcoin globally.

Michael Saylor, co-founder and executive chairman of MicroStrategy, plans to utilize his Bitcoin income to benefit humanity. In a recent podcast with The New Zealand Herald, he shared his vision inspired by the token’s creator, Satoshi Nakamoto. He aims to create a legacy that goes beyond personal wealth and positively impacts society.

Bitcoin as a Revolutionary Economic Force

Saylor believes Bitcoin can change economic systems. He compared Bitcoin to essential innovations like steel and electricity. He said, “You take away steel and electricity—those are two big ones.” This statement shows Bitcoin’s potential to be a key part of future economic structures. Moreover, Saylor called Bitcoin “clean, silent, programmable, immortal money,” which highlights its value in today’s digital age.

Michael Saylor Plans to Donate Bitcoin Wealth: pic.twitter.com/R2cTjHEEvO

— Altcoin Daily (@AltcoinDailyio) October 22, 2024

Additionally, he went on and criticized conventional. fiat currencies and pointed out their weakness and depreciation. He compared fiat money to “economic clay or balsa wood” to show how unstable it is. In contrast, Saylor believes Bitcoin keeps its value indefinitely. He noted, “The rate of the dollar is 7% a year for 100 years.” Thus, he sees Bitcoin as a more stable option amid inflation.

The Importance of Economic Energy

While the CEO admits Bitcoin is not a solution for every problem, he also insists it addresses many economic challenges. He stated, “It won’t fly you, it won’t cure your cancer, it won’t make you happy.” Still, he believes that the coin acts as important contractual energy that can help solve big issues. He said, “It’s economic energy—it’ll solve half the world’s problems,” showing his confidence in Bitcoin’s ability to create change.

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Since then, it has raised billions through capital markets to increase its holdings. Now, MicroStrategy owns 252,200 BTC, which is about 1.2% of Bitcoin’s total supply of 21 million. This  reserve is worth roughly $16.9 billion, making MicroStrategy the largest corporate holder of Bitcoin worldwide.

A Broader Perspective on Bitcoin

Michael’s view of BTC goes beyond just investment. He sees it as a vital part of future economic systems. By promoting the token, he encourages conversations about its impact on society. His plan to donate his Bitcoin wealth shows a commitment to sharing its benefits with future generations. 

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