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Do not fear corporate giants purchasing Bitcoin, says Michael Saylor

Do not fear corporate giants purchasing Bitcoin, says Michael Saylor

In a recent podcast interview, Michael Saylor, CEO of MicroStrategy, reassured that corporations buying and holding Bitcoin should not be feared. He outlined three main reasons driving the need for custodians in the Bitcoin space: technical, political, and natural. Saylor emphasized that as Bitcoin becomes more integrated into society, it will have diverse use cases, requiring different types of custodians. From a political standpoint, relying on third parties may be necessary due to political reasons. On the technical side, layer-3 custodians like Bank of America and Apple will be unavoidable for those who want to transact in crypto with their mobile phones. Finally, there may be natural reasons for individuals to entrust their assets to custodians, such as ensuring the security of holdings for future generations. Saylor concluded that the optimal blend of Bitcoin integrations will be determined by the market, and there is no one right answer.

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