Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash

“I support self-custody for those willing and able,” said Saylor in a new post after encouraging “big bank” custody in an interview earlier this week. 

MicroStrategy founder Michael Saylor has backpedaled on his comment that big banks should take custody of Bitcoin following a torrent of backlash from the crypto community. 

“I support self-custody for those willing and able, the right to self-custody for all, and freedom to choose the form of custody and custodian for individuals and institutions globally,” Saylor declared in a post on X on Oct. 23.

Saylor has been taking heat from the crypto community, including Ethereum co-founder Vitalik Buterin, after calling out “paranoid crypto-anarchists” in a recent interview.

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