Amid mounting criticism, MicroStrategy founder Michael Saylor declared support for Bitcoin’s BTC/USD self-custody, stating that the asset benefits from all types of custody.
What Happened: On Wednesday, Saylor took to X to clear the air on a controversial take that kicked up a storm. He advocated for self-custody for those willing.
“Bitcoin benefits from all forms of investment by all types of entities, and should welcome everyone,” he added.
Why It Matters: Saylor’s clarification was in sharp contrast to his recent statement made in an interview, where he termed the self-custody narrative used by Bitcoin maximalists as a “myth and trope” propagated by “paranoid crypto-anarchists.”
The hot take didn’t go down too well with Bitcoiners and those in support of privacy and decentralization.
Jameson Lopp, a known Bitcoin technologist, dismissed Saylor’s views as contrary to the fundamentals outlined in the whitepaper by Satoshi Nakamoto.
Ethereum ETH/USD creator Vitalik Buterin dubbed the comments as “bat***t insane,” arguing that’s not what cryptocurrency is about.
Saylor’s also drew attention from political figures, including pro-cryptocurrency Senate hopeful John Deaton, who called self-custody an “inalienable” right for Americans.
Price Action: At the time of writing, Bitcoin was exchanging hands at $67,238.74, up 0.19% in the last 24 hours, according to data from Benzinga Pro.
Photo Courtesy: Wikimedia
Read Next:
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
