Barhydt Trashes Saylor’s $350M Bitcoin Vanishing Act
Bill Barhydt, Abra’s CEO and a Bitcoin vet from the $5 era, has no love for Michael Saylor’s plan to make his 17,000 BTC—about $350 million—disappear into an “unsendable wallet” forever. He let it rip on the Supply Shock podcast with Pete Rizzo, calling it “absolutely no sense whatsoever.” Saylor, the MicroStrategy mastermind with a Bitcoin fixation, teased this move in a CoinDesk interview. https://twitter.com/pete_rizzo_/status/1763544742862762180?t=6BnbFWo7A_ueOAcoNODt7g&s=19 Saylor’s Logic Doesn’t Add Up Saylor’s betting that locking his coins away would shrink Bitcoin’s pile and bump up everyone’s buying power. Barhydt gets it but isn’t on board. “His perspective is that this is...