Michael Saylor stated in a recent podcast interview that big companies should not be afraid of buying and holding Bitcoin. ,
MicroStrategy founder Michael Saylor is known for his Bitcoin advocacy. Saylor even handed over his CEO position at MicroStrategy to head the Bitcoin portfolio.
Bitcoin suggestions to institutions from Michael Saylor
Michael Saylor said that institutions should not be afraid of the Bitcoin they receive. He gave three recommendations in this regard.
In an interview with Natalie Brunell on the Coin Stories podcast, Saylor said that while the decentralized nature of Bitcoin may cause some people to want full self-control, everyone can use Bitcoin for different purposes. She stated that when Bitcoin becomes more integrated into society, various use cases will emerge and there can be a model that fits everyone’s needs.
According to Saylor, different security methods and third-party involvement may be required according to different usage scenarios. He stated that for political or functional reasons, it may be necessary to rely on a third party. From a technical point of view, he stressed that people who prefer to make crypto transactions with mobile devices may have to rely on third-layer third parties.
Saylor stated that Bitcoin will be a core layer, there will be a second layer to accelerate it, and a third layer to provide functionality, for example, the layer of companies such as Bank of America and Apple.
Saylor noted that in some cases it may be safer to entrust assets to others. For example, he also suggested the need to protect the assets of an elderly person struggling with Alzheimer’s disease or an unborn grandchild.
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