<ul><li>MicroStrategy CEO Michael Saylor dismisses the idea of government seizure of Bitcoin and advocates for custodianship through financial institutions over self-custody.</li><li>Saylor believes that self-custody increases the risk of seizure as it often involves individuals who reject regulation, government authority, taxes, and reporting requirements.</li><li>He argues that institutional custodians, unlike self-custody methods like hardware wallets, adhere to legal and tax obligations, reducing the likelihood of government intervention.</li><li>Saylor's comments have sparked backlash from the Bitcoin community, with many criticizing his stance and accusing him of becoming a shill for the government and banking system.</li></ul>

Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire

Discover more