Michael Saylor responds to community criticism: Bitcoin benefits from different forms of investment from various entities and should welcome everyone

MicroStrategy founder Michael Saylor has attempted to clarify his comments about big banks custodial Bitcoin amid a backlash from the cryptocurrency community. In a post on X on October 23, Saylor said: “I support self-custody for those who are willing and able, the right of all to self-custody, and the freedom of individuals and institutions around the world to choose the form of custody and custodian.” At the same time, he suggested that Bitcoin holders should entrust their assets to “too big to fail” banks that are “designed to be custodians of financial assets.” In a recent interview, Saylor also accused “paranoid crypto anarchists” of these remarks, which were criticized by crypto industry figures including Ethereum co-founder Vitalik Buterin. In response, Saylor clarified in a post on X: “Bitcoin benefits from all forms of investment from all entities and should be welcome to everyone.” VanEck consultant Gabor Gurbacs said this should not be a controversial position, “just common sense.” Meanwhile, Dash marketer Joel Valenzuela said it was a "capitulation" gesture, adding that Saylor showed his "true colors." Max Keiser commented: "Recent comments attacking self-custody indicate a retrogressive tendency to turn to traditional, centralized bank scammers that Bitcoin fixes." (Cointelegraph) Yesterday's news, Vitalik Buterin publicly criticized MicroStrategy co-founder Michael Saylor's recent remarks on Bitcoin self-custody. He posted on the X platform: "I think Saylor's remarks are crazy. Michael Saylor seems to explicitly advocate a regulatory capture approach to protect cryptocurrencies, which is inconsistent with the core principles of cryptocurrencies."