Michael Saylor’s Latest Remarks Shock The Bitcoin World: What He Said

Quick Summary:

In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his remarks on custody and regulation.

Reidy brought up the gold confiscation under Executive Order 6102 during the Great Depression as a historical precedent for potential government seizure.

It can just lock custodial BTC into approved custodians forever, aka ‘Institutional Bitcoin.’ While a government that isn’t on a Bitcoin Standard technically shouldn’t have incentive to confiscate BTC, it actually does still have an incentive to degrade and attack Bitcoin.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Btc Btc price Bitcoin Michael saylor Bitcoin Michael Saylor MicroStrategy Bitcoin news Bitcoin price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:30:36 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23203089

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About Bitcoinist

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News Last Updated: 14 hours ago

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