During a recent podcast interview, Michael Saylor explained that Bitcoin being bought
and centralized by corporations should not be feared. He also outlined three main reasons driving the need for custodians.
During a recent podcast interview, MicroStrategy’s Michael Saylor expressed the opinion
that large corporations purchasing and then proceeding to centralize Bitcoin BTC$29,385
should not be a cause for concern.
While speaking to Natalie Brunell on the Coin Stories podcast, released on Aug. 7, Saylor
emphasized the inevitability of third-party and corporate participation growing in the Bitcoin space.
However, he suggested that while Bitcoin enthusiasts may desire total self-control over their
Bitcoin – aka self-sovereignty – it might not be the only answer, as people will be using Bitcoin for diverse purposes.
“We need to be prepared for Bitcoin to infuse everything” Saylor stated,
explaining that as Bitcoin becomes more integrated into society, it will have many
use cases and there will not be a one-size-fits-all model.