Michael Saylor U-Turns On Crypto Self-Custody Stance After ”Batshit Insane” Rebuke From Ethereum’s Vitalik Buterin
MicroStrategy co-founder Michael Saylor backtracked on comments about crypto self-custody after Ethereum’s Vitalik Buterin said he’s ”batshit insane” for suggesting investors holder their crypto with ”too big to fail” banks. “I support self-custody for those willing and able, the right to self-custody for all, and freedom to choose the form of custody and custodian for individuals and institutions globally,” Saylor said in an Oct. 23 post on X. Michael Saylor Remarks Triggered A Tsunami Of Criticism From Crypto Community Saylor’s latest comments come after he advocated that investors hold their Bitcoin with regulated entities such as BlackRock and Fidelity, saying this offers investors a safer and less volatile way for them to custody their digital asset holdings. Concerns over increased government control and centralization were exaggerated fears that mainly come from “paranoid crypto anarchists,” he sai...