According to CoinTelegraph, Michael Saylor, executive chairperson of Bitcoin investment firm Strategy (formerly MicroStrategy), said at an event during the Bitcoin 2025 conference in Las Vegas on May 26 that issuing proof of on-chain reserves by institutions is a "bad idea" that increases security risks and weakens the security of issuers, custodians, exchanges, and investors.
He suggested using artificial intelligence to deeply analyze the security issues that may be caused by publishing wallet addresses, believing that this will lead to many security risks.
Michael Saylor says issuing proof of on-chain reserves is a "bad idea" and poses a security risk
2025-05-27 04:34:19
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