MicroStrategy’s executive chairman, Michael Saylor, faced criticism for suggesting Bitcoin holders use 'too big to fail' financial institutions for custodianship instead of self-custody, a practice he previously endorsed. In an interview, Saylor dismissed concerns of state seizure of Bitcoin, calling such fears 'paranoid.' This shift in stance drew backlash from the Bitcoin community, with some accusing Saylor of undermining the currency's core principles. However, some supporters viewed his remarks as aimed at institutional adoption rather than individual users. Despite the controversy, Saylor's MicroStrategy remains a major Bitcoin holder. While some praised his willingness to challenge norms, others questioned his motives, speculating that his company's business interests influenced his stance on custodianship. Saylor's evolving views on Bitcoin custody continue to spark debate within the crypto community. Read more AI-generated news on: https://app.chaingpt.org/news