Absurd of Saylor over BTC value Loss / Risk
In a recent interview with senior business journalist Madison Reidy, MicroStrategy’s Michael Saylor supported "regulated" entities like ETF firms for BTC custody, due to losses / risk in value. I believe that Bitcoin Maximalist’s acceptance of losses/risks from the dollar value was absurd, instead of believing1BTC = 1BTC.
Saylor Overacting
Saylor went even further and called the concerns over centralization and government control as “paranoid crypto anarchists.” This was enough to led cryptoverse hitback. Saylor spoke against economic freedom and privacy, which are the very foundation of Bitcoin. Thus, Saylor severely criticized the ideology of Satoshi Nakamoto itself.
Saylor back to the boat
Now Saylor has started support for the freedom to choose the form of custody and custodian including the "right to self-custody". By the way, the language used by Saylor seems to indicate that he has done this under pressure from the Cryptoverse.
I got two points from this -
- Saylor is more of a Businessman of fiat, he is having BTC only for benefitting from it in dollar way.
- No matter how big a Bitcoinist you are, the pressure of the cryptoverse will continue to work on you.
