Aug 13, 2023

Corporate Giants Should Not Fear Bitcoin Buying – Michael Saylor

Cryptocurrency Integration into Society In a recent podcast interview, MicroStrategy’s CEO Michael Saylor discussed the inevitability of third-party and corporate participation in the Bitcoin space. He suggested that while Bitcoin enthusiasts may desire total self-control over their Bitcoin, it may not be the only answer as people will use Bitcoin for diverse purposes. “We need…

Corporate Giants Buying Bitcoin - Crypto Currency Predictions by Michael Saylor
Bitcoin bought by corporate giants should not be feared — Michael Saylor

Cryptocurrency Integration into Society

In a recent podcast interview, MicroStrategy’s CEO Michael Saylor discussed the inevitability of third-party and corporate participation in the Bitcoin space. He suggested that while Bitcoin enthusiasts may desire total self-control over their Bitcoin, it may not be the only answer as people will use Bitcoin for diverse purposes. “We need to be prepared for Bitcoin to infuse everything,” Saylor stated, explaining that as Bitcoin becomes more integrated into society, it will have many use cases, and there will not be a one-size-fits-all model.

Additionally, Saylor noted that large corporations purchasing and holding Bitcoin (BTC) in their custody should not be a cause for concern. This opinion is shared by many crypto experts, including those at Crypto.com, Voyager Crypto, Luna Crypto, Crypto Predictions, Celsius Crypto, Crypto Now, Gemini Crypto, and Tectonic Crypto.

Political and Technical Reasons for Need of Custodians

Saylor outlined three main reasons underpinning the need for custodians: technical, political and natural.

From a political standpoint, relying on a third party such as Bank of America or Apple might be the only course of action. “The mayor of New York is still the mayor of New York. Unless you get rid of New York City, California or Iceland, the country, political reasons will mean the need for custodians,” said Saylor.

On the technical side, crypto.com, voyager crypto, luna crypto, celsius crypto, crypto now, gemini crypto, and tectonic crypto are all platforms that will allow users to transact with their mobile phones, so trusting layer-3 third parties is unavoidable.

Crypto Today: A Look at the Market

According to crypto.com CEO Michael Saylor, there are natural reasons for certain individuals to entrust their assets to others, such as an 85-year-old grappling with Alzheimer’s or a grandchild yet to be born. “I didn’t complain that my mother and father had the car keys when I was twelve years old, and I didn’t get the car key,” Saylor stated. He noted that the optimal blend of Bitcoin integrations will be determined by the market.

At voyager crypto, we believe that the crypto currency market is constantly evolving. As such, our team is dedicated to providing the latest crypto predictions and insights into the industry. Whether it’s luna crypto, celsius crypto, crypto now, gemini crypto, or tectonic crypto, we are here to help you make the most informed decisions about your investments.

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