Michael Saylor’s Wild Bitcoin Key Burning Scheme: A Legacy or Just Hot Air?

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So, Michael Saylor, the big cheese over at Strategy, recently had a chat with Coindesk and suggested something that sounds like it came straight out of a sci-fi movie: burning his bitcoin private keys. Yeah, you heard that right! He thinks this could be a way to create some sort of “decentralized charity” to make the Bitcoin network even more powerful. Because, you know, who doesn’t want to set their money on fire for a good cause? 🔥

Michael Saylor’s Plan for Bitcoin’s ‘Economic Immortality’ – Or Just a Fancy Way to Burn Cash?

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“What Satoshi is offering us is economic immortality. You may not live forever, but your economic energy will live forever,” Saylor said. So, if you’re planning to fund long-term projects like ’s stash of over 1 million bitcoins that are just sitting there, untouched since the dawn of Bitcoin. Saylor thinks that burning keys is ethically sound, saying, “You will have empowered everybody else… everybody with one Satoshi will be that much richer.” Because who doesn’t want to make everyone else richer while you’re busy playing with fire? 🔥💸

In the end, Saylor’s comments reflect his long-standing love affair with Bitcoin as a game-changing economic tool. Whether he actually goes through with this key-burning bonanza remains to be seen, but one thing’s for sure: he’s keeping the Bitcoin narrative alive and kicking, even if it means setting some cash on fire. 🔥💰

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2025-03-25 20:59