MicroStrategy chairman Michael Saylor proposes burning Bitcoin personal keys after dying to completely take away cash from circulation, boosting Bitcoin’s shortage. With a hard and fast provide of 21 million cash, Bitcoin’s worth thrives on restricted availability. Saylor’s concept might tighten the circulating provide, mirroring the influence of dormant cash like Satoshi Nakamoto’s 1 million BTC. Advocating for Bitcoin as a scarce, long-term asset, Saylor believes this strategy might elevate its worth. If extensively adopted, this technique may reshape Bitcoin’s future by reinforcing shortage and driving elevated demand for the remaining cash.
