Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), stated at the Bitcoin 2025 conference that publicly proving on-chain reserves for institutions is not a wise move. He pointed out that the current common practice is "not secure" and may weaken the protections of issuers, custodians, and investors. He mentioned that exposing wallet addresses is easily traceable, and AI can enumerate "up to 50 pages of security vulnerabilities," emphasizing that enterprise-grade security experts would not support this practice. (Cointelegraph)

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