Michael Saylor tries to clarify his position on Bitcoin custody, but doubts about his vision remain.
Michael Saylor, executive chairman of MicroStrategy, has recently been at the center of the debate regarding statements on Bitcoin custody made during an interview with journalist Madison Reidy. During the interview, Saylor suggested that Bitcoin holders might consider entrusting their funds to large financial institutions rather than using solutions like hardware wallets.
Saylor’s statements have sparked strong criticism from many members of the Bitcoin community. Conversely, some proponents defended Saylor’s viewpoint, suggesting that his comments were aimed at institutional adoption rather than individual users.
Clarification from Saylor
In response to the criticism, on October 23, Saylor published a post on X aiming to clarify his position, stating:
However, the post does not seem to convince everyone. The response to the criticism resembles a classic press office reply. The tweet appears to be written by Chat GPT, attempting to remedy the statements made during the interview and to avoid coming across as the party at fault. The politically correct language seems crafted to placate emotions rather than express an authentic position. The very timing of the response, which came only after numerous criticisms were received, suggests more of a strategic move than a sincere clarification.
