On 9 February 2025, Cointelegraph published a clip of a January 1 interview with strategy chairman Michael Sayler on Fox. According to the caption, in the video, Siler indicated that he is going to burn his BTC keys as he dies to ensure that coins will never be sold. Let’s see what Caller said, is there any sign, and what is the purpose of burning the keys.
Several media channels rebuilt the clip from the coinlagraph, with various headlines, one of which can conclude that the strategy execution is actually going to pull its stand into the tomb because he dies. However, it is not what he said in the clip.
In the video, Sailler says that it would be good for someone who has a lot of bitcoins that all BTC holders around the world have “their contribution of bitcoin and their contributions to burn the keys to make” pro rata contribution “to all BTC holders around the world and Based on their knowledge “. ,
This idea is simple – due to the deflation nature of bitcoin, leaves a large amount of circulation of BTC forever, the remaining bitcoins become more valuable. This means that the rest of the BTC holders can be rich as a result of this step.
In this regard, Saylor’s idea is similar to that of Donald Trump’s bitcoin and urge to strategically accumulate them. Various proposals for bitcoin reserves have a section to refuse BTC sales for years to ensure market stability and consistent demand.
Although Saylor is definitely a person who has stored a lot of BTC, the way he has put his idea does not compel him to follow the script he described.
He did not add a single word, which can be seen as a sign that he himself is going to close his bitcoin forever. Rather, he shared this idea with others. And yes, there is a chance that Saylor is considering doing something like this. However, Saylor may bring another decision in the future.
He concluded that he sees himself as a person who takes the torch of Satoshi and continues to commercialize bitcoin with corporations and governments.
How cool is that idea?
At least, the idea is related to the vision of Satoshi Nakamoto, who created a lack of bitcoin on the purpose. When Saylor says how great bitcoin is, he often emphasizes his deficiency as the major driver of his price.
During the PBD podcast episode in 2024, he Said He can create more immovable property in the city of New York, make more watches, make more gold (SIC!), And any kind of object if he had enough time and money. But bitcoin has a full cap that is 21 million, Saylor said. As the price of commodity increases, producers are encouraged to produce more, which is not the case with bitcoin. This is why bitcoin is a great store of value, according to solar.
He Claim As soon as the government starts investing in it, the US dollar will be really supported by bitcoin. In Saylor’s opinion, it will make the dollar more powerful, not less, as some experts have warned. The reason for this is the same – as long as the country is a large part of the BTC of the world, its national currency will be strong.
Nevertheless, it is worth noting that the scatter runs the value of bitcoin as long as the demand for BTC remains strong. Suppose a person draws a self-painting, making a very rare item. Will it be extremely valuable? not necessarily. Bitcoin is inspired by demand. Increasing property deficiency gives further boosts to demand, which increases the request of many institutions (including corporations and governments) to achieve something.
Suppose 450,000 die before the loss of 2028 bitcoin with BTC (an estimated amount under the control of the silar by January 2025). In the 2024–2028 cycle, 450 BTC is produced every day. Therefore, removing 450k bitcoins from circulation in a day ends the result of about three years of mining between 2024 and 2028 or almost everything that will be mined between 2028 and 2033.
Some people also compare this possible case. However, unlike the halling, a whale -burning keys are a different case. First, unlike Halling, it reduces the amount in circulation and second, it does not include miners to increase BTC prices to keep mining profitability. However, BTC buyers will have to compete for very low remaining bitcoins, which is a good climate for price increase.
Generally, it seems that Saylor is correct about the potential impact of such a step. However, there are some factors that can play around their “plan”.
Lost bitcoin future
By February 2025, out of three million out of 20 million bitcoins already mined. Agreed Forgotten or lost keys, “lost”, coins were sent for wrong addresses and other reasons. According to other estimates, there are more than 6 million lost bitcoins.
Although so many lost coins reduce bitcoins even more, the fate of these coins is not equally decisive.
The very concept of 21 million hard cap is not somewhat irreversible. The same mechanism that is used to improve bitcoin networks, can change the total supply of bitcoin or remove it completely.
It was probably mentioned in an educational video on bitcoin released by Blackrock, a company with the largest amount of BTC. This unconventional fact was combined with anger and rejection from the community, however, this does not change the fact that the hard cap can be replaced if enough miners look at this idea favorably for any reason.
If the hard cap removes or the total supply increases, the value of the lost bitcoin may fall and the sight of the saller goes wrong.
Another concern is quantum computer. Quantum computers are one of the related technologies that are expected to change the game a lot as soon as they enter the scope.
Their computational capabilities for breaking BTC purse may be strong enough. The bitcoin community is preparing to stop it but the result is not known as now. There is a possibility that “Kho” bitcoin will be free or stolen through quantum computer.
