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[Michael Saylor Criticized By The Bitcoin Community For Proposing To Entrust Bitcoin Custody To "big" Financial Institutions] According To Cointelegraph, MicroStrategy Executive Chairman Michael Saylor Has Been Criticized By The Bitcoin Community For His Recent Suggestion To Entrust Bitcoin Custody To "too Big To Fail" Financial Institutions. Previously, Saylor Has Been A Supporter Of Bitcoin Self-custody, Believing That Self-custody Can Prevent Custodians From Abusing Their Power. However, In An Interview On October 21, He Said That Bitcoin Holders Would Not Suffer Losses If They Entrust Their Assets To Large Banks For Custody, And Criticized The View That Concerns About Government Confiscation Of Bitcoin Are "unnecessary Fears." This Position Is Seen As A Major Change In Saylor's Attitude, Sparking Dissatisfaction Among Many Bitcoin Supporters. 21st Capital Founder "Sina" And "Bank To The Future" Author Simon Dixon Both Questioned Saylor's Motives, Believing That His Move May Be To Promote MicroStrategy's Transformation Into A "Bitcoin Bank." John Carvalho, CEO Of Bitcoin Payment Company Synonym, Said Saylor Had Deviated From His Original Belief That "Bitcoin Is Hope." Nevertheless, Some People Believe That Saylor's Views Are More Aimed At Institutional Investors, Emphasizing That Large Companies And Funds Need More Secure Custody Methods
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