Michael Saylor Reaffirms Support for Bitcoin Self-Custody

Michael Saylor, founder of MicroStrategy and a well-known Bitcoin advocate, recently reaffirmed his support for self-custody amid criticism of his previous endorsement of regulated custody options.

In a post on X, Saylor emphasized the importance of self-custody for those capable and the right of individuals and institutions to choose their custody methods.

In a recent interview, Saylor suggested that holding Bitcoin through regulated firms like BlackRock and Fidelity could be safer, but this sparked backlash from the crypto community.

Vitalik Buterin criticized his views, calling them “batshit insane” and suggesting they promote regulatory capture, while others like Jameson Lopp and Max Keiser stressed the need for self-custody to maintain decentralization and security.

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Saylor sought to clarify that Bitcoin should welcome all forms of investment.

This discussion gains context as traditional Bitcoin investment products, particularly spot Bitcoin ETFs, are seeing significant growth, with recent inflows surpassing $20 billion, marking a challenging milestone in the ETF space.

Kosta Gushterov