MicroStrategy CEO Michael Saylor recently reiterated his belief that large financial institutions will increasingly control a significant portion of Bitcoin’s supply. In an interview shared on X and YouTube, Saylor claimed that as corporations and governments displace "crypto-anarchists," the Bitcoin network will become more secure and stable.
Saylor on Government Seizure Risks
Addressing concerns about the risk of government seizure as more Bitcoin is held by third-party custodians, Saylor stated, "When Bitcoin is held by unregulated entities or crypto-anarchists, it increases the risk of seizure." He suggested that institutions like BlackRock or MicroStrategy would comply with tax and reporting requirements, unlike self-sovereign Bitcoiners. Ironically, Saylor himself has previously settled claims of tax evasion and accounting fraud, paying $40 million and $8.5 million, respectively.