Microstrategy co-founder Michael Saylor blasted the original bitcoin community stating that crypto-anarchists were paranoid about possible bitcoin seizure events involving the large companies that currently provide crypto custody. Saylor said that they were the ones who could incentivize a seizure measure due to their lack of compliance with government rules while exercising self-custody.

Michael Saylor Gets Blasted for His Startling Remarks on Paranois Crypto-Anarchists and a Possible Total Seizure Move on Bitcoin

Michael Saylor, co-founder and Executive Chairman of Microstrategy, stirred the cryptocurrency community after taking a jab at who he called “paranoid crypto-anarchists” over the relevance of self-custody in a total bitcoin seizure event.

At a recent interview, Saylor was asked about the risk of holding large amounts of bitcoin on centralized platforms and how this might incentivize and facilitate a bitcoin seizure scenario. Saylor rejected these claims, claiming that crypto-anarchists were the ones that could originate such an event due to their disregard for following proper compliance rules.
Saylor declared:

I think that when the bitcoin is held by a bunch of crypto-anarchists who aren’t regulated entities who don’t acknowledge government or don’t acknowledge taxes or don’t acknowledge reporting requirements that increases the risk of seizure.

Saylor reinforced that when custody is provided by Blackrock, Fidelity, or JPMorgan, which he called regulated public entities, this seizure risk is lower given that lawmakers and politicians are also invested in these platforms.

When asked about the chance of the government issuing an order to seize bitcoin like it did with gold in 1933, Saylor also belittled this possibility. He declared:

People say that but mostly it’s mostly it’s paranoid crypto anarchists that say that okay because it’s a myth and a trope that goes on over and over again.

These statements startled the crypto community, which blasted Saylor’s train of thought. Known bitcoin permabull Max Keiser took to social media to criticize these
allegations, assessing that Saylor was “the type of guy who thinks the stripper really likes him (or, he has Stockholm Syndrome).”

Podcaster Vlad Costea also stated that Sayor rendered the crypto community that boosted his status irrelevant, criticizing his former allegiance to the paranoid people he now vilified. “It doesn’t matter what he said 3-4 years ago, he was only pulling strings to get bigger than any other voice in bitcoin,” he detailed.
Ray Youssef, CEO and Chief Advocate Of Noones, an Africa-focused P2P market, linked this to the current state of bitcoin markets. “We were all warned but we’re too smug and busy pooping on Roger ver to notice that bitcoin got p0wn3ed,” he concluded.

Writers’ take: While the change of heart in Saylor’s considerations about OG bitcoins and the importance of self-custody can be surprising for some, the reality is that his vision is only logical. Saylor is an investor first, and investors are forced to think inside the box, entrapped in a compliance and regulations ecosystem that institutions must follow, so his latest statements are part of his programming as an entrepreneur.

$BTC $ETH #ScrollOnBinance #APESurge #XRPDonationsUSElections

For the past few weeks, Ethereum seems to be in full swing, capturing the attention of investors and analysts. A combination of technical and fundamental factors appears to be laying the groundwork for a spectacular rise. So, the burning question on everyone’s lips is: are we about to see ETH explode?

The world of crypto often relies on subtle signals, and one of the most telling in recent days is the drastic reduction of selling pressure on Ethereum.

In the span of 24 hours, nearly 80 million dollars worth of ETH has been withdrawn from exchanges. Why is this so crucial?
When traders withdraw their assets from platforms, it suggests they are less inclined to sell in the near future. This behavior could very well be the catalyst for a forthcoming bullish rally.

At the same time, the volatility of the derivatives market has also decreased. Less volatility means a lower risk of liquidation for open positions, thus providing a more stable ground for a potential bullish movement. It seems all conditions are met for Ethereum to continue its ascent.

Another striking indicator is the increase in the number of addresses holding substantial amounts of ETH, specifically over one million dollars.

This detail may seem anecdotal, but in reality, it reflects the growing confidence of institutional investors and large holders. The more these players accumulate, the more the market senses that something significant is brewing.

The HODLers, those long-term holders, are not the type to panic over short-term fluctuations. Their accumulation strategy shows that they believe in a bullish future for Ethereum.

This phenomenon, coupled with the decrease in available supply on trading platforms, reinforces the idea that ETH could soon experience a true price explosion.

From a technical standpoint, Ethereum recently broke out of a symmetrical triangle, a pattern often associated with significant price movements.

In this case, this breakout to the upside indicates a potential rise of around 23%. That’s no small matter, especially when considering the key resistance levels that Ethereum has already managed to overcome in recent days.

However, for this bullish trend to fully materialize, it is crucial that the bulls continue to defend certain support levels.

The slightest sign of weakness could lead to a setback, but if the bulls hold strong, the gains could be spectacular in the coming weeks.

Everything seems to indicate that Ethereum is on the verge of experiencing a decisive moment. Between the reduction of selling pressure, the massive accumulation of large investors, and positive technical signals, the crypto market is gearing up for a potential explosion. However, as always in the crypto universe, surprises are never far away. Caution is still advised, but for those who dare, the time could be ripe for substantial gains. Meanwhile, Bitcoin is on the brink of a crash.

$ETH