TechFlow reported on October 24 that, according to Cointelegraph, MicroStrategy founder Michael Saylor sparked controversy with earlier comments about Bitcoin custody and subsequently clarified his position on social media platform X. Saylor stated: "I support self-custody by those who are willing and able, support everyone's right to self-custody, and support individuals and institutions freely choosing custodial forms and custodians globally."
Earlier report: In an interview on October 21, Saylor claimed that Bitcoin holders would not suffer losses by entrusting their assets to major banks, criticizing concerns over potential government confiscation of Bitcoin as "unnecessary fear." These remarks triggered strong backlash from the crypto community, drawing criticism from multiple industry figures including Ethereum co-founder Vitalik Buterin.
Saylor further explained: "Bitcoin benefits from all forms of investment by all types of entities and should welcome participation from everyone." However, this statement continues to elicit mixed reactions. VanEck advisor Gabor Gurbacs called it "common sense," while Dash marketer Joel Valenzuela labeled it a "surrender," saying Saylor revealed his "true colors."
