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Michael Saylor Plans to Destroy Bitcoin Keys After Death, Targeting 10,000 BTC and Predicting $1 Million Price
Jan 5, 2025, 09:30 AM
Michael Saylor, founder of MicroStrategy, has announced his intention to destroy his Bitcoin keys upon his death. He describes this decision as a 'pro rata contribution to everyone in the world who owns Bitcoin,' aimed at making Bitcoin unsellable and thus enhancing its scarcity. In a recent video, Saylor emphasized that this move aligns with Bitcoin's ethos of digital scarcity and could potentially increase its value. He expressed confidence in Bitcoin's future, stating, 'When Bitcoin is $1 million a coin, I bet you I’ll buy $1 billion of it, probably in one day.' Additionally, MicroStrategy has ambitious plans to expand its Bitcoin holdings, targeting an increase to 10,000 BTC in 2025, which could lead to the company holding approximately 1,000,000 BTC by the end of that year if it maintains its purchasing rate.
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