• Michael Saylor’s take on Bitcoin holders taking their BTC ($105,470.00) with them after death.
• Why pass keys destruction could contribute to more value in the future.

Picture this, a prominent person who privately owns a lot of Bitcoin unfortunately passes away.

Chances are that the contents of the deceased person’s private wallet, including BTC holdings, will be lost forever unless someone accesses the pass keys.

However, MicroStrategy chairman Michael Saylor revealed in a recent interview that he champions the idea of burning Bitcoin keys after death. This outcome would guarantee the loss or inaccessibility of the BTC involved.

Saylor went as far as describing the burning of private keys after death as a pro rata contribution to all other BTC holders.

This suggests that Saylor might be trying to pull off such a move with his Bitcoin holdings when his lease on life ends.

Impact of burning private keys for Bitcoin wallets

Saylor’s statement regarding the burning of private keys is rooted in the digital currency’s real scarcity. While the maximum supply of BTC is capped at $21 million, a lot of Bitcoin is also lost along the way.

Especially in the form of lost addresses, whether due to loss of pass keys or the death of the wallet holder.

Those lost co...