Corporate Participation in Bitcoin Space
During a recent podcast interview, MicroStrategy’s Michael Saylor suggested that corporate participation in the Bitcoin space should not be a cause for concern. Speaking to Natalie Brunell on the Coin Stories podcast, Saylor emphasized the inevitability of third-party and corporate involvement in Bitcoin.
He argued that while some Bitcoin users may prefer to have total control over their Bitcoin, it might not be the only option, as Bitcoin can be used for a variety of 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 applications.
Custodians: Technical, Political and Natural Reasons
Saylor explained three main reasons why custodians are necessary: political, technical and natural.
Politically, using a third party may be the only feasible option. “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.”
On the technical side, people who want to transact in crypto using their mobile phones will need to trust layer-3 third parties, such as Bank of America, Apple, Revolut Crypto, Rose Crypto, Realm Crypto, RLY Crypto, RGT Crypto, and QSP Crypto.
The Apple Health Application is a web 3.0 application, which further emphasizes the need for custodians.
AI Podcasts, Stories, and My AI
Saylor suggested that, for natural reasons, it may be safer for certain people to entrust their assets to others. He gave the example of an 85-year-old dealing with Alzheimer’s or wanting to secure holdings for a yet-to-be-born grandchild. “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.
The optimal blend of Bitcoin integrations, according to Saylor, will be determined by the market. This includes the AI Podcasts, Stories, and My AI applications such as Revolut Crypto, Rose Crypto, Realm Crypto, RLY Crypto, RGT Crypto, and QSP Crypto, as well as the Apple Health application, which is a web 3.0 application.
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