tl;dr
Michael Saylor, the co-founder and executive chairman of MicroStrategy, expressed his intention to leave his wealth to humanity, akin to Bitcoin creator Satoshi Nakamoto. In an interview, he emphasized his belief in Bitcoin as the future of economics, comparing it to essential elements like steel an...
html
Michael Saylor, the co-founder and executive chairman of MicroStrategy, expressed his intention to leave his wealth to humanity, akin to Bitcoin creator Satoshi Nakamoto. In an interview, he emphasized his belief in Bitcoin as the future of economics, comparing it to essential elements like steel and electricity. Saylor views Bitcoin as a lasting asset, contrasting it with traditional currencies that degrade over time. Under his leadership, MicroStrategy has amassed a significant amount of Bitcoin, positioning the company as the largest Bitcoin holder among businesses. Saylor also discussed the company's shift towards becoming a "Bitcoin bank" and dismissed criticisms, framing it as a digital transformation of capital markets.
Michael Saylor, co-founder and executive chairman of MicroStrategy, wishes to leave his wealth to humanity, following in the footsteps of the pseudonymous Bitcoin creator Satoshi Nakamoto. In a recent interview with The New Zealand Herald, Saylor reflected on his personal motivation, revealing his goal goes beyond wealth. “I’m a single guy, I have no children — when I’m gone, I’m gone. Just like Satoshi left a million Bitcoin to the universe, so I’m leaving whatever I’ve got to the civilization,” he said. In the interview, Saylor described Bitcoin as the future of economics, comparing it to steel and electricity. “You take away steel and electricity—those are two big ones—take away the electricity, you have no elevator,” he said. “Take away steel, the building falls over.” Saylor believes Bitcoin offers a similar foundation for the economy, describing it as "clean, silent, programmable, immortal money." "If you want your company, family, or endowment to last forever, you need to capitalize it with an asset that doesn't degrade," Saylor said during the interview. In his view, traditional currencies degrade like fragile “economic clay or balsa wood,” while Bitcoin retains value over time. "The rate of the dollar is 7% a year for 100 years. When you lose 7% of your energy for 100 years, you lose 99.9% of whatever you are," Saylor noted. He also compared Bitcoin to a battery that never loses its charge, implying how it retains economic energy indefinitely. The Bitcoin evangelist sees the world’s largest cryptocurrency as “a profound step forward for the human race, because for the first time, economics crosses from being an art to being a science.” Saylor reflected on the role Bitcoin can play in building the future: “With 8 billion people with crypto steel or economic steel, we can build something much grander in the 21st century than all the 20th-century economists struggling with clay and cotton candy.” While Saylor acknowledged that Bitcoin is not a solution for every problem, he stressed its importance as a source of economic energy. “It won’t fly you, it won’t cure your cancer, it won’t make you happy, it won’t solve your mental issue, and it won’t make your children love you.” However, Saylor remarked, "It’s economic energy—it’ll solve half the world’s problems."
Under Saylor’s leadership, MicroStrategy has accumulated 252,200 Bitcoin, worth approximately $16 billion, positioning it as the largest Bitcoin holder among companies. Earlier this month, Saylor explained MicroStrategy is shifting from a software company to what he calls a "Bitcoin bank" with a potential trillion-dollar valuation by issuing securities backed by Bitcoin. Although critics have labeled this strategy an "infinite money glitch," Saylor dismissed the characterization in the interview: "It’s not a money glitch—it’s a digital transformation of the capital markets."
More about
Certainly! Here's the HTML-formatted article summary: ```html
As a Technical Analyst with over 25 years of experience in the stock market, my approach is fundamentally data-driven, characterized by a deep dive into market charts, trends, and a wide array of technical indicators such as moving averages, the Relative Strength Index (RSI), and Bollinger Bands.
I utilize terms like 'support and resistance levels,' 'breakouts,' 'head and shoulders pattern,' and indicators of 'bullish or bearish trends' to provide concise, direct commentary that is accessible to both novices and seasoned market watchers.
My analyses are straightforward and laser-focused on the implications of findings, while acknowledging the uncertainties of market prediction and potential risks.
Through my expertise, I offer a lens through which to interpret the market's ebb and flow, empowering readers with the knowledge to make informed decisions in a landscape often fraught with uncertainty.
``` I hope this summary meets your requirements!
More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Sector: ENERGY & TRANSPORTATION
Industry: GOLD AND SILVER ORES
Market Cap: 115249000
Dividend Yield: None
EPS: None
P/E Ratio: 0
ROE: 0.127
Vol Avg (3m): 36723000
Price: 1.38
Change: 2.549
Change (%): 0.625