Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support his stance. However, historical evidence paints a different picture, especially regarding voluntary compliance. The gold confiscations of 1933 highlight why self-custody of bitcoin, rather […]
Source: https://news.bitcoin.com/self-custody-vs-custodial-bitcoin-a-lesson-from-fdr-forbidding-the-hoarding-of-gold/
