In the wake of strong reactions from key figures in the Bitcoin community, Michael Saylor has reaffirmed his stance on Bitcoin self-custody.

Notably, Saylor faced backlash from prominent figures like Max Keiser, a senior Bitcoin advisor to El Salvador, and Ethereum founder Vitalik Buterin.

The debate centers around Saylor’s views on how countries like El Salvador manage their Bitcoin holdings without generating yield, a point that Max Keiser sharply criticized.

In a post from Max Keiser, he stated:

“Saylor’s the type of guy who think the stripper really likes him (or, he has Stockholm Syndrome) Dude!!! Wake up! They tried to put you in prison in 2020, Remember?”

Max,

This was and always will be @saylor,

he's a bitcoiner. but he also supports the institutions of the country in which his company operates.

it's logical, if you ask me. https://t.co/gx4l3OSyfe

— Bitcoin Versus Institute of Technology (@VersusInstitute) October 21, 2024

Saylor responded on social media, reaffirming his belief in a flexible approach to Bitcoin custody. He stated,

“I support self-custody for those willing & able, the right to self-custody for all, and freedom to choose the form of custody & custodian for individuals & institutions globally. #Bitcoin benefits from all forms of investment by all types of entities, and should welcome everyone”​

https://twitter.com/saylor/status/1849132234692833436

Meanwhile, Vitalik Buterin weighed in on Saylor’s stance on self-custody calling him “batshit insane.”

Saylor’s defense of Bitcoin’s versatility in investment and custody forms continues to underline his advocacy for the asset as a global financial solution, despite the critiques from other crypto leaders.

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