Michael Belor Belolor: the next decade for cryptocurrency custodial storage – Bits Media

MicroStrategy CEO Michael Saylor believes, that on a decentralized market it is possible to offer cryptocurrency storage services without a banking license and a physical office.

Michael Belor Belolor (Michael Sailor) in an interview
stated, which is more likely in the next decade Custodial services for storing cryptocurrencies will be in greatest demand.

“Investors will be able to invest money in enterprises for a long time, which are centralized, adjustable, organizations that meet all legal requirements, which will work with Bitcoin. You can earn $100 billions, if you effectively deposit bitcoins in Fidelity, so why don't you come up with, how to effectively make money on these investments? If you invest Bitcoin in Apple, he can bring you trillions of dollars.

Sailor sees himself as a crypto enthusiast and does not want to comply with the requirements of the financial system. He's interested, so that his business is decentralized. He cares, Will private cryptocurrency companies remain or will state depository institutions take their place?, offering services, related to Bitcoin storage. In his opinion, exactly those, who will stay, and will make most of their money in the cryptocurrency market.

The head of MicroStrategy believes, that custodial institutions have more opportunities, than regular cryptocurrency companies. Sailor noted, that government depository institutions are missing out on high potential profits, not offering investors cryptocurrency storage services.

"Investors don't think, what if you don't have a bank, or you are not Apple, you do not have an office in the country, then you will not be able to provide them with custodial services".

Saylor is confident, what everyone should do, what he can really do.  This will allow the creation of new large projects, such as Instagram or Facebook, who will blow up the market and take over it 99.9%, and the rest will leave the market.

MicroStrategy has been steadily investing in Bitcoin for a long time., and its policy is set to long-term storage of cryptocurrency. In August MicroStrategy, now the largest holder of bitcoin among public companies in the United States, bought 3 907 BTC for the amount $177 millions. In October, MicroStrategy continued to purchase bitcoins. In the period p 1 by 29 October the company bought another 7 002 BTC for the amount $414.4 millions. As a result, MicroStrategy wallets by that time contained 121 044 BTC. In December, the company’s wallets already held more than 122 000 BTC and management began to look for opportunities to generate additional income from their cryptocurrency reserves.