Michael Saylor Envisions Major Banks Embracing Bitcoin Custody
As Bitcoin (BTC) gains popularity among global investors, Michael Saylor, the co-founder of MicroStrategy, has addressed the challenges associated with self-custody.
He expressed his belief that major banks will eventually offer Bitcoin custody services, foreseeing a time when these institutions will play a crucial role in the Bitcoin ecosystem.
The Bitcoin maximalist emphasized the impracticality of certain entities, such as the Mayor of New York City or the United States Defense Department, personally holding Bitcoin. Instead, he argued that large institutions, corporations, churches, and similar organizations would require custodial infrastructure and banking services.
In his view, all major banks will eventually provide Bitcoin custody solutions.
Moreover, Saylor pointed out that there are individuals who cannot be expected to self-custody Bitcoin, such as minors who inherit it or elderly people suffering from dementia. In such cases, trust companies or similar institutions must step in and manage their Bitcoin assets.
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Saylor further stated that if nation-states continue to exist, institutional sources will inevitably hold Bitcoin and will rely on banks to safeguard it. He believes that Bitcoin will gradually integrate into various traditional institutions worldwide for economic, physical, and political reasons.
It is worth noting that MicroStrategy, a leading enterprise business intelligence software vendor, has acquired over 140,000 BTC. Some critics, including Hal Press, the founder, and CEO of the cryptocurrency-focused investment fund North Rock Digital, have dismissed this strategy as “comically stupid.”
At the time of writing, the price of Bitcoin in the decentralized finance (DeFi) market stood at $27,323, reflecting a 1.72% increase for the day and a 0.41% gain over the previous week. The cryptocurrency aims to recover from a 1.70% loss incurred during the past month.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
