Chanpen Zhao and Michael Saylor called on users to store crypto assets on their own wallets – Bits Media

Binance General Director Chanpen Zhao and Microstrategy founder Michael Saylor called on users to store assets on their own wallets, especially during "market turbulence".

Changpeng Zhao (Changpeng Zhao) stressed, that the opportunity is yourself To dispose of your assets is a fundamental and inalienable human right:

“Independent storage of assets is the fundamental right of a person. You are free to do it anyway. But make sure, that you keep cryptocurrencies correctly. I recommend starting with small volumes, To get acquainted with technology and tools. Errors can be very expensive ".

Michael Belor Belolor (Michael Saylor) He supported a colleague. He also noted, what, If users will store assets on their own wallets, This will avoid the concentration of a large volume of cryptocurrencies and power for some single service. Besides, It is the independent storage of tokens and coins that is necessary for truly decentralized networks.

“In systems, where users do not store assets on their own wallets, Castodians are gaining too much power and can use it to the detriment. Therefore, independent storage of cryptocurrencies is important, This creates a system of checks and counterweights for other participants in the system, forces them to compete and ensure transparency ", - Saylor believes.

Recall, that Microstrategy remains the largest bitcoin holder among firms traded on the exchange.