{"id":70004,"date":"2022-11-14T10:51:04","date_gmt":"2022-11-14T08:51:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70004"},"modified":"2025-09-07T23:30:25","modified_gmt":"2025-09-07T20:30:25","slug":"changpeng-zhao-and-michael-saylor-call-for-self-custody-of-crypto-assets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/changpeng-zhao-and-michael-saylor-call-for-self-custody-of-crypto-assets\/","title":{"rendered":"Changpeng Zhao and Michael Saylor Call for Self-Custody of Crypto Assets"},"content":{"rendered":"<p>Binance&#8217;s chief executive Changpeng Zhao described self-custody of assets as &#8220;one of the fundamental human rights&#8221;, but warned of &#8220;costly mistakes&#8221;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Self custody is a fundamental human right.<br \/>You are free to do it at any time.<br \/>Just make sure you do do it right.<br \/>Recommend start with small amounts to learn the tech\/tools first.<br \/>Mistakes here can be very costly.<br \/>Stay <a href=\\\"https:\/\/twitter.com\/hashtag\/SAFU?src=hash&#038;ref_src=twsrc%5Etfw\\\">#SAFU<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\\\"https:\/\/twitter.com\/cz_binance\/status\/1591769091274117122?ref_src=twsrc%5Etfw\\\">November 13, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Self-custody of assets is a fundamental human right. You can do this at any time. Just make sure you do it right. I would recommend starting with small sums to learn the technology and tools. Mistakes here can be very costly,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>Zhao also suggested reading his article written two years ago about self-custody of digital assets. It allegedly saves money and &#8216;spares you the headaches&#8217; in the future.<\/p>\n<p>Former MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor<\/a>, in a Cointelegraph commentary, noted the need to take responsibility for one&#8217;s funds, emphasising that such an approach increases decentralisation.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;In systems without self-custody, custodians accumulate too much power, and they may begin to abuse it,&#8221; he explained.<\/p>\n<\/blockquote>\n<p>Earlier, Saylor reaffirmed MicroStrategy&#8217;s stance to further purchases of Bitcoin, despite FTX&#8217;s bankruptcy and volatility in the digital-asset market.<\/p>\n<p>As Zhao noted, the current crypto industry is reminiscent of the 2008 financial crisis. He believes that even more companies could fail in the coming weeks.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO Changpeng Zhao called self-custody of assets &#8216;one of the fundamental human rights&#8217;, but warned of &#8216;costly mistakes&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":70005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[935,1208,1138,1157],"class_list":["post-70004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-changpeng-zhao","tag-michael-saylor","tag-opinions","tag-storage"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70004"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70004\/revisions"}],"predecessor-version":[{"id":70006,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70004\/revisions\/70006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70005"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}