Your reliable guide in the crypto world, providing comprehensive news and analysis on all things related to cryptocurrency.

Bitcoin bought by corporate giants should not be feared — Michael Saylor

Key Points:

  • Michael Saylor of MicroStrategy believes that large corporations purchasing and holding Bitcoin in their custody is not a cause for concern.
  • He emphasizes the inevitability of corporate participation in the Bitcoin space.
  • Saylor suggests that the desire for total self-control over Bitcoin may not be the only answer as Bitcoin is used for diverse purposes.
  • There will be different types of wrappers for Bitcoin custody including self-custody, multisig, and layer-3 custodians.
  • The need for custodians is driven by technical, political, and natural reasons.
  • Trust in third parties will be necessary for certain transactions, such as using crypto with mobile phones.
  • Saylor believes that the optimal blend of Bitcoin integrations will be determined by the market.
Share this article
Shareable URL
Prev Post

SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case

Next Post

Legal scholars file amicus brief in support of Coinbase

Leave a Reply

Your email address will not be published. Required fields are marked *

Read next