Michael Saylor should not burn his Bitcoin
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Michael Saylor plans to burn all of his Bitcoin (BTC), which means he is burning your lifeboat to safety from inflation, and that helps the few, not many. Saylor’s MicroStrategy plans to increase the number of BTC it holds. The accumulation plan again raises questions about Bitcoin’s scarcity, and the questions that arise when few entities acquire such a large percentage of the supply.
Saylor has said himself that he wants to hold one percent of the overall Bitcoin supply. Surely, he is looking to…
