MicroStrategy’s Michael Saylor Predicts Banks Will Inevitably Offer Bitcoin Storage Services

In a recent interview, Michael Saylor, the co-founder and head of MicroStrategy shared his belief that large banking institutions will eventually provide bitcoin storage services . Saylor expressed the opinion that as bitcoin becomes widely adopted by corporations, governments, non-profit organizations and individual users banks will offer custodial services to mitigate the risks associated with self-storage of cryptocurrencies .

Saylor Envisions Banks Providing Custodial Services as Bitcoin Adoption Grows

Saylor emphasized that certain groups of individuals may lack the knowledge or ability to manage cryptocurrencies effectively . He mentioned children and elderly people with dementia who may inherit bitcoins as examples . In such cases involving a trust company to manage BTC on behalf of these individuals becomes necessary . Saylor highlighted that authorities would not allow public officials or defense personnel to personally hold bitcoins and emphasized the need for a reliable infrastructure to store crypto assets . He believes that bitcoin will definitely infiltrate traditional organizations for economic, physical and political reasons .

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