Home Bitcoin News Invest Answers by a Bitcoin (BTC) Whale Named Saylor about 4.865 million BTC Gone Forever

Invest Answers by a Bitcoin (BTC) Whale Named Saylor about 4.865 million BTC Gone Forever

Invest Answers by a Bitcoin (BTC) Whale Named Saylor about 4.865 million BTC Gone Forever

Michael Saylor pointed to Invest Answers and stated, “My fun, wide ranging discussion with Invest Answers on the institutional adoption of Bitcoin, benefits of volatility, ETFs and arbitrage, investment strategy, bitcoin mining, charity, education, statistics, and a whale named Saylor.”

Michael Saylor spoke about BTC Supply in the interview and about the 4.865 million BTC gone forever and lost. And, on the probability of having 4% loss of BTC supply per year it could be less than 7 million BTC in supply in 20 to 30 years from now. And, when considering just a 1% loss where people will buy BTC from the ATM and they lose their private keys a lot is going to get lost. Eventually, proposed a theory that we will never have more than a 14 million Bitcoin. And, Microstrategy owns over 1% and on whether Saylor believes that other treasuries are a little bit scared of because they don’t care or if there is enough supply for everybody:

Saylor stated that he was intrigued by the analysis. The biggest question mark is that I buy in to every line on in there. The 3.7 million lost coins – if it doesn’t include Satoshi right – getting your hand around it is that 2.7 or 3.7, I haven’t studied that, but I am persuaded that you are right within the margin and era and we know that a lot are lost so it is usually if it is the question of 3.7 or 2.7 lost – I agree it as a deflationary currency and I expect it is inevitable and more would be lost.

It has occurred to be that by the ultimate act of charity is to die with your private keys and lose them. If you are asking a question – how could I make a charitable contribution to the human race and affair in a responsible fashion such that the money would be put to good use. If you believe the market is smarter than any individual and if you believe in the natural order of things, and if you really believe in BTC, then it is likely that the sum entirely of the world and all of the bitcoiners are probably smarter about using the world’s resources than you will be and you will.

Those who are interested to know more might have to check the full interview about why Saylor buys in to the idea about lost BTC supply.

Community members who listed to the complete interview were like:  Best 2 hours of my life.

Community Response: As an investor of MicroStrategy do you have plans of buying back shares with the profits of your bitcoin?

Ignore FUD.

 

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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