Industry insiders: Some Bitcoin users may not like MicroStrategy due to concerns about self-custody issues
On December 21, Ki Young Ju, the founder and CEO of CryptoQuant, posted on platform X saying that different forms of currency require different gateways. Bitcoin users should recognize that MicroStrategy is the portal connecting NASDAQ 100 currency and Bitcoin. He doesn't understand why some Bitcoin users dislike MicroStrategy. They may express concerns about self-custody, but in reality few people practice self-custody - just as only a minority care about privacy leaks. The bitcoin banking model of MicroStrategy aligns very well with current adoption levels; if active fund management at the gateway can acquire large amounts of bitcoin with relatively less capital, it signifies the success of bitcoin banking. Of course, there's always a risk of failure so people should see it as entrusting their funds to a bank for the purpose of acquiring more bitcoins using bitcoin itself as a form of currency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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