Michael Saylor Raises Concerns About On-Chain Reserve Proof at Bitcoin 2025

Michael Saylor delivered a critical assessment of on-chain reserve proofs during his presentation at the Bitcoin 2025 Conference in Las Vegas. He flagged the practice as potentially detrimental to institutional stability and security, emphasizing its potential for unintended risks. Saylor highlighted the implications for issuers, custodians, exchanges, and investors alike, urging caution against widespread adoption of this technology.