Michael Saylor Clarifies Support for Self-Custody
MicroStrategy executive chair Michael Saylor backtracked on his recent remarks about self-custody and clarified that he supports it as a fundamental right.
Saylor emphasized that the right to self-custody should be available to all individuals and institutions to choose their preferred form of custody. He stated, “Bitcoin benefits from all forms of investment by all types of entities, and should welcome everyone.”
This clarification comes after facing significant backlash from industry leaders due to his prior comments concerning self-custody.
Jameson Lopp, co-founder and Chief Security Officer of CasaHODL, responded to Saylor’s stance by highlighting the importance of self-custody in maintaining the strength and improvement of the entire network.
Ethereum co-founder Vitalik Buterin criticized Saylor’s viewpoint, calling it “insane,” and emphasized the risks associated with trusting regulated public entities for crypto protection.
Other prominent Bitcoin advocates, including Jack Mallers and Adam Back, reiterated the significance of self-custody in enabling financial freedom through Bitcoin.
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Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
