Michael Saylor, Chairman of MicroStrategy and a prominent Bitcoin advocate, has reiterated his intention to destroy Bitcoin keys following his death.
In a recent interview, Saylor described the action as a way to benefit all Bitcoin holders, describing it as a “proportional donation to everyone in the world who owns Bitcoin.”
Saylor elaborated on his philosophy, highlighting Bitcoin’s unique qualities. “If you accumulate a lot of wealth in Bitcoin and then burn the keys when you leave, you’ve given everyone else in the world who owns Bitcoin a proportional contribution based on their contributions and their knowledge of Bitcoin,” he said.
Noting that Bitcoin is a tool for global prosperity, Saylor added, “Supporting Bitcoin as a protocol for prosperity is a great thing to do.” Saylor introduced the idea of key destruction as a form of inheritance that would allow the Bitcoin ecosystem to collectively benefit from irredeemable coins, effectively reducing the supply and increasing the scarcity of the asset.
During the conversation, Saylor also expressed how he hopes to be remembered. “I hope I'm known for taking the torch from Satoshi and commercializing Bitcoin with companies and governments decades after he passed away,” he said, referring to Bitcoin's anonymous founder.
*This is not investment advice.
