Michael Saylor has faced criticism from the Bitcoin community for proposing to have large financial institutions manage Bitcoin custody

ChainCatcher news, MicroStrategy Executive Chairman Michael Saylor has faced criticism from the community for his recent comments, suggesting that Bitcoin holders transfer their Bitcoin to "too big to fail" financial institutions instead of using self-custody.

It is reported that Saylor had previously been a proponent of Bitcoin self-custody, believing that self-custody could prevent custodial institutions from abusing their power.