Industry insiders: Some Bitcoin users may dislike MicroStrategy due to concerns about self-custody

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PANews
12-21
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PANews on December 21 reported that Ki Young Ju, the founder and CEO of CryptoQuant, posted on the X platform that different forms of currency require different gateways, and Bitcoin users should recognize that MicroStrategy is the portal connecting the NASDAQ 100 currency and Bitcoin. He does not understand why some Bitcoin users do not like MicroStrategy, as they may have concerns about self-custody, but in reality, very few people will actually implement self-custody - just like only a few people care about privacy leaks. MicroStrategy's Bitcoin banking model is very much in line with the current level of adoption, and if the actively managed fund can obtain a large amount of Bitcoin with relatively little capital, it will mark the success of the Bitcoin bank. Of course, there is always a risk of failure, so people should see it as entrusting their funds to a bank with the aim of obtaining more Bitcoin, using Bitcoin itself as a form of currency.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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