Michael Saylor Faces Backlash Over Bitcoin Self-Custody Comments

Saylor clarifies his stance, supporting self-custody for those willing and able, after criticism from key crypto figures.

Michael Saylor, CEO of MicroStrategy, initially criticized the self-custody of Bitcoin, calling it a myth propagated by 'paranoid crypto-anarchists.'
Following backlash, Saylor clarified on social media that he supports the right to self-custody for those who choose it.
Ethereum co-founder Vitalik Buterin and Bitcoin technologist Jameson Lopp strongly opposed Saylor's initial comments, emphasizing the importance of self-custody for decentralization.
Pro-cryptocurrency Senate candidate John Deaton criticized Saylor's stance, arguing that self-custody is an inalienable right.
Saylor's comments come amidst MicroStrategy's strategy to transform into a 'Bitcoin bank,' holding over 1% of all mined Bitcoin.