Michael Belor Belolor: All large banks will inevitably begin to provide bitcoins storage services – Bits Media

The founder and head of Microstrategy suggested, that sooner or later large banking institutions will offer Bitcoin storage services.

Michael Belor Belolor (Michael Saylor) In an interview, he expressed an opinion: when bitcoin is used at a large -scale level Corporations, governments, non -profit organizations and individual users, All banks will offer them their castodial services. This will avoid risks, arising from independent storage of cryptocurrencies.

The head of Microstrategy is sure, that some groups of people are incapable of reasonably dispose of cryptocurrencies. Seilor cited children and elderly people inherited bitcoins with dementia as an example. In these cases, it is necessary to attract a trust company, which will control the BTC on behalf of these people, Uveren Belor.

“The authorities of New York will not allow the mayor of the city to walk with bitcoins, in his storage, and for the US Department of Defense it is not quite practical, So that all bitcoins are stored by one general. Any large institutions will need a reliable infrastructure for storing crypto assets. I think, Bitcoin will inevitably penetrate all traditional organizations for various reasons - economic, physical or political ", - says the businessman.

Recently Michael Seilor said, that owning bitcoins has become the vital need of every person in conditions of growing inflation and distrust of traditional banks.