Michael Saylor Warns Against On-Chain Proof-of-Reserves at Bitcoin 2025

Michael Saylor, CEO of MicroStrategy and a prominent figure in the cryptocurrency industry, has raised security concerns regarding on-chain proof-of-reserves for Bitcoin. He emphasizes that revealing reserves could compromise security and expose institutions to potential risks from hackers and other malicious actors. In his view, traditional corporate governance models, particularly those involving independent audits conducted by KPMG LLP, offer a more secure path than crypto-native transparency tools.