Identity services on blockchain are kind of like use case. Every chain tries to do that so they can get adopted by govt and the enterprise companies. This way they find it easy to be relevant in the market. And another thing is they kind of build on this type of the use case for their growth too. In short if you want to grow business then the identity platform and auth are the products worth aiming for. Microstrategy did exactly that. 

This is one of the ways the Microstrategy has created a use case for bitcoin which would be used in Enterprise and Govt. And this would also increase the legit buy in the market. They have some sort of excuse to give regulated backing to bitcoin. Which may sound good but still it would be under govt regulation and control in a way as this is now going in the centralized approach. 

Either way if we look at crypto world short term. Then logically we just buy real estate or stocks out of the profit of the crypto and keep the money in circulation keeping our hands clean if govt come back to bite us for holding crypto. So I for one thinking of this as short term exit and short term cycle if in near future every crypto goes centralized. 

Whats your thought on the Bitcoin and crypto? And what you think of such ID platforms on the blockchains?