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Michael Saylor, MicroStrategy's founder, clarified his stance on Bitcoin custody after facing community backlash. Initially, he suggested large banks should oversee custody, sparking centralization concerns. He now supports self-custody and freedom to choose custodians globally. Ethereum's Vitalik Buterin and others criticized his initial stance, questioning reliance on centralized institutions in a decentralized space. The community reaction was mixed, impacting Saylor's reputation.
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