MicroStrategy’s Saylor criticizes Bitcoiners who do BTC self-custody and do not trust the US government
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In 1933, during the Depression, president Roosevelt announced should gold holders to turn their gold bullions and coins in and get $20.67 per ounce in return. Back then, US dollar was on the gold standard and after collecting the gold, Roosevelt raised the price per one ounce to $35. The gold inflow from holders and the printing of dollars that followed was one of the radical measures that allowed the US to steer out of the Depression.
Saylor stated that “when 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 claimed that only “paranoid Bitcoin anarchists” fear that Bitcoin can be seized from them and he claimed that gold was not seized in 1933 but turned on voluntarily.
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