Ethereum co-founder Vitalik Buterin disagreed with MicroStrategy founder Michael Saylor's idea that investors should store their cryptocurrencies in big banks.

Buterin's Comments on Saylor's Suggestion

Vitalik Buterin openly expressed his disapproval of Michael Saylor's comments, which he considered 'batshit insane.' Buterin emphasized that such an approach contradicts the decentralized spirit that underpins cryptocurrencies.

Debate on Banks' Role in Crypto

Buterin pointed out the dangers of handing over power to centralized organizations like BlackRock or Fidelity. While some see institutional participation as a way to legitimize the sphere, it also carries the risk of deviating from the original ideas of decentralization.

Saylor's Plans for a Bitcoin Bank

Saylor, founder of MicroStrategy, has expressed his plans to transform the company into a leading Bitcoin bank, which some believe is the reason behind his recent remarks. Critics highlight his previous assurances of the importance of self-custody.

The debate over storing cryptocurrencies in banks continues to provoke active discussions within the crypto community, raising important questions about the future of decentralization.