Michael Saylor: No need to worry about big companies buying and continuing to centralize Bitcoin

Odaily Planet Daily News MicroStrategy co-founder Michael Saylor said in a recent podcast interview that large companies buying and continuing to centralize Bitcoin should not cause people to worry. Saylor emphasized the inevitability of third-party and corporate participation in the Bitcoin space. However, he said the lack of full self-sovereignty should not be feared. Saylor said: “We need to be ready for Bitcoin to inject everything.” He explained that as Bitcoin becomes more and more integrated into society, it will have many use cases and there will not be a one-size-fits-all model:” There are different types of 'wrappers'. Some will be self-hosted forever, some will be multi-sig, and some will require Layer 3 hosting. For political, practical or functional purposes, there will be a need for this." Saylor outlines three main reasons why a custodian is needed – technical, political and physical. From a political point of view, relying on third parties may be the only course of action. (Cointelegraph)