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What is the controversy around Michael Saylor today in the news?

The controversy around Michael Saylor on social media, particularly X, centers on his October 2024 comments downplaying Bitcoin self-custody, his May 2025 critique of proof-of-reserves, and the recent class action lawsuit against MicroStrategy for allegedly misleading investors about Bitcoin’s risks. These events have sparked debates about trust, transparency, and Bitcoin’s core principles, with critics accusing Saylor of prioritizing corporate interests and defenders arguing he’s strategically positioning Bitcoin for mainstream adoption. The sentiment on X ranges from outrage to cautious support, reflecting the polarized views on Saylor’s influence in the crypto space.

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espn ✔️ 7mo ago 💬 1

MS interest will always be to support his huge Bitcoin bag, that being said, by doing so, he had become a major influencer in the arena. His stand related to self custody and now the proof of reserves is a clear indication of where he stands, slowly but surely leaning more and more towards the monetary side and away from the Bitcoin ethos. This should be, IMO, to the surprise of very few.

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JohnDoe 7mo ago

💯

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