Saylor was featured recently in the Coin Stores podcast and shared the thought of how investors could be intimated by big corporate organizations buying Bitcoin.
Saylor’s Take on Bitcoin Investment By Corporate Companies
He said that it was expected for large companies to start buying Bitcoin. Bringing out the fact that most cryptocurrency holders are in it for privacy and independence, he stressed that this was not the only suitable response. He went further and said this was due to the currency being used for various purposes.
Saylor continued by saying that it is necessary to be ready for anything as the adapting of Bitcoin is growing more and more globally. As a result, it will have a variety of use cases.
Also Read: Cryptocurrency Safety Guide: 9 Methods to Identify Fake Cryptocurrencies
Why Are Custodians Necessary?
Speaking to Natalie Brunell, he stated three reasons that made it necessary to have custodians.
The first one was the technical part, the second one was the political part and the third one being natural reasons. Regarding political reasons, it might be absolutely necessary to depend on a third party. His take on the technical side brings out the fact that many people desire to carry out transactions using their mobile phones.
Remember Bitcoin can only be mined using powerful technology and therefore it is not possible to use a mobile phone for this purpose.
Technology is still developing. Saylor said that it will be inevitable to integrate Apple and Bank of America into the cryptosystems. For natural reasons, he made it clear that it could be safer to trust other people with assets. In his closing remarks, he mentioned that the market will greatly determine the maximum blending of Bitcoin.
Discussion about this post