CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-10-24 17:59:38

Michael Saylor Backtracks on Bitcoin Self-Custody Comments

MicroStrategy founder Michael Saylor has walked back his controversial statement suggesting that big banks should take custody of Bitcoin, following significant backlash from the crypto community. “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 clarified in an Oct. 23 post on X. Saylor faced criticism from prominent figures, including Ethereum co-founder Vitalik Buterin, after his recent interview, where he referred to “paranoid crypto-anarchists” and suggested that Bitcoin holders should entrust their assets to “too big to fail” banks

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.