Binance CEO Changpeng Zhao, along with MicroStrategy founder Michael Saylor, urge all users to save their digital assets in personal wallets, especially when "market turbulence" begins.
Everyone has the right to independently manage their own assets, said Changpeng Zhao.
All users can independently store assets. This is one of the inalienable human rights. First of all, you need to make sure that your cryptocurrency is stored correctly. Therefore, I recommend that you start doing it with small volumes, gradually study technologies and tools, because each mistake can be too expensive.
Michael Saylor also expressed support for his colleague. He said that keeping assets in the personal wallets of clients will make it possible to avoid the concentration of a huge amount of digital currencies and power in only one service. After all, it is precisely such storage of assets that is necessary for truly decentralized networks.
In organizations where customers do not store digital currencies in their wallets, custodians have tremendous power and can be used to their detriment. Therefore, self-custody of assets is an important point. Thus, all participants in the system will compete with each other and provide transparency.Michael Saylor
MicroStrategy continues to be the largest BTC holder among publicly traded companies.
Comments