U.Today – Michael Saylor Interview on Bitcoin

Michael Saylor, founder of MicroStrategy, shared a link to a new interview discussing Bitcoin. He made a curious statement about BTC owners who trust only themselves to manage their private keys due to distrust in government, which drew attention from the crypto community.

Saylor's Bitcoin Interview

In a tweet accompanying the interview link, Saylor mentioned that the discussion covers "popular myths and risks that hinder Bitcoin adoption." The conversation was hosted by YouTuber Madison Reidy, who interviews financial market experts.

Key excerpts from the interview were shared on X by crypto enthusiasts. A notable statement made by Saylor regarded those who prefer self-custody over hedge funds like BlackRock (NYSE:BLK).

Reidy asked whether those preferring custodial options face risks of confiscation by the U.S. government, citing the historical reference to the Great Depression when gold was seized from wealthy Americans.

In 1933, during the Depression, President Roosevelt mandated that gold holders turn in their gold for $20.67 per ounce. Subsequently, the price per ounce was raised to $35, facilitating the U.S. recovery from the Depression through increased dollar circulation.

Comments on Crypto Anarchists

Saylor stated, "when Bitcoin is held by a bunch of crypto anarchists, who aren’t regulated entities… that increases the risk of seizure." He characterized those fearing Bitcoin seizure as "paranoid Bitcoin anarchists" and claimed that gold was voluntarily turned in during 1933. According to Saylor, since the U.S. isn’t on a Bitcoin standard, there is nothing to fear.

The community reacted strongly to his comments in the discussions following the interview.

This article was originally published on U.Today