Ethereum

Satoshi

Bitcoin

Michael Saylor, the co-founder of MicroStrategy, expressed his support for the self-custody of Bitcoin, emphasizing that individuals and institutions should have the freedom to choose their form of custody. 
On X, he said, “I support self-custody for those willing &amp; able, the right to self-custody for all, and freedom to choose the form of custody &amp; custodian for individuals &amp; institutions globally.” 
Saylor also <a href="https://x.com/saylor/status/1849132234692833436" target="_blank" rel="noreferrer noopener nofollow">believes</a> that Bitcoin benefits from various investment approaches and should welcome all types of participants in the market. 
This statement follows Saylor’s comments about the risks of Bitcoin custody being managed by “paranoid crypto-anarchists” which have stirred significant debate. 
He suggested that such an arrangement could increase the risk of government seizure, stating, “When Bitcoin is held by a bunch of paranoid crypto-anarchists, who aren’t regulated entities, don’t acknowledge government, tax, or reporting requirements, that increases the risk of seizure.” 
Ethereum co-founder Vitalik Buterin sharply <a href="https://x.com/VitalikButerin/status/1848876323026178429" target="_blank" rel="noreferrer noopener nofollow">criticized</a> Saylor’s viewpoint, calling it “batshit insane” and arguing that it promotes a regulatory capture approach that contradicts the fundamental principles of cryptocurrency. 
Jameson Lopp, co-founder of the self-custody platform Casa HODL, supported Buterin’s sentiments. He <a href="https://x.com/lopp/status/1848754108091580833" target="_blank" rel="noreferrer noopener nofollow">reinforced</a> that self-custody is essential for the integrity of the Bitcoin network, stating, “Self-custody is not merely important to individual Bitcoin holders. It’s important for the continued strengthening and improvement of the entire network.” 
Samson Mow, an advisor for nation-state Bitcoin adoption, emphasized the risks of third-party custody, stating, “Just because you’re a paranoid crypto-anarchist, don’t mean they’re not after you.” 
The debate highlights ongoing tensions in the cryptocurrency community over self-custody versus third-party custody and the regulatory implications for Bitcoin’s future. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/22/is-michael-saylor-following-in-satoshi-nakamotos-footsteps/" target="_blank" rel="noreferrer noopener">Is Michael Saylor following in Satoshi Nakamoto’s footsteps?</a> 
</blockquote>

Saylor Supports Bitcoin Self-Custody, Clears Up Controversy

The Crypto Times

Other articles published on Oct 23, 2024

A Faster And Decentralized Crypto: How “The Verge” Will Reshape Ethereum

Ripple Co-Founder Chris Larsen Donates $10 Million to Kamala Harris' Presidential Campaign Amid D...

Forget Shiba Inu Reaching $1—This SHIB Alternative Could Hit That Mark by 2025

Recent Withdrawals Affect Bitcoin ETF Performance

Top Cryptos to Watch: Analyst Predictions for Qubetics, Sui, Cardano, Ripple, and Ethereum

BNB Chain Announces BNB Hack Bangkok, a Two-Day Hackathon Focused on Innovation and Collaboration

Join our free newsletter for daily crypto updates!