<ul><li>Many crypto leaders criticised Michael Saylor for advocating banks over self-custody in the Bitcoin storage debate.</li><li>Saylor, former CEO of MicroStrategy, now believes that banks should be relied upon for Bitcoin storage.</li><li>Crypto advocates strongly opposed Saylor's view, citing risks of centralization and hindrance to technological innovation.</li><li>Ethereum co-founder Vitalik Buterin called Saylor's comment 'batshit insane' and argued for decentralization and self-custody.</li></ul>

Michael Saylor Faces Intense Backlash for Advocating Large Banks Over Self-Custody in Bitcoin Storage Debate

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