Michael Saylor Plans Bitcoin Burn for Economic Immortality

Michael Saylor, co-founder of Strategy, announced his intention to burn his personal Bitcoin keys as a charitable act, aiming to reduce Bitcoin's supply and increase its value for all holders. He believes this will create 'economic immortality' and leave a legacy that aligns with the principles of Bitcoin's creator, Satoshi Nakamoto. Saylor holds over 17,000 Bitcoin personally and has a bullish prediction for Bitcoin's market cap to reach $200 trillion by 2045. He clarified that this action would not affect the 506,137 Bitcoin held by Strategy, which he considers a collective asset for shareholders. Additionally, Saylor welcomed GameStop's recent decision to add Bitcoin to its corporate treasury, viewing it as a step towards broader cryptocurrency adoption. His strategic vision for Bitcoin and its potential impact on the financial landscape has garnered significant attention and market reactions.