Michael Saylor, the Chairman of American business intelligence and software firm MicroStrategy came under fire over his Bitcoin statements earlier. As a major social town hall, conversations sprung up on X regarding self custody options for the top coin. Michael Saylor’s take sparked concerns, a situation he has finally come to address.
Michael Saylor Recants His Bitcoin Self-Custody Belief
In the digital currency ecosystem, decentralization is one of the major selling points for Bitcoin. At the heart of this decentralization goal is self-custody, an instance where BTC holders keep their coins themselves.
Michael Saylor has often supported this approach, however, he seamed to change his perception recently. Sparking controversy, he claimed that big banks getting into Bitcoin custody might be a good thing. However, veterans like Vitalik Buterin called him out, saying this approach might cause centralization risk.
To address this backlash, Michael Saylor said Bitcoin he supports self-c
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