Saylor vs. Proof-of-Reserves: Privacy First, Transparency Later

Michael Saylor has never been one to hold back, and at the Bitcoin 2025 Conference in Las Vegas, he made it crystal clear how he feels about Proof-of-Reserves. In short? He’s not a fan. In fact, he compared it to the digital equivalent of broadcasting your child’s bank details for the whole world to see... The post Saylor vs. Proof-of-Reserves: Privacy First, Transparency Later appeared first on 99Bitcoins.

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May 28, 2025 - 09:00

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Michael Saylor has never been one to hold back, and at the Bitcoin 2025 Conference in Las Vegas, he made it crystal clear how he feels about Proof-of-Reserves. In short? He’s not a fan. In fact, he compared it to the digital equivalent of broadcasting your child’s bank details for the whole world to see. Saylor shared his views on the Proof-of-Reserves debate, arguing that the push for transparency is putting users and institutions at unnecessary risk.

The Problem With Putting Wallets on Display

During the panel, Saylor, now executive chairman of Strategy (formerly MicroStrategy), didn’t sugarcoat his opinion. He said Proof-of-Reserves, or PoR, creates more problems than it solves. The basic idea behind PoR is that crypto exchanges or custodians publish wallet addresses to prove they’re holding the assets they claim to have. It’s meant to build trust. But according to Saylor, it can also build a big, blinking target.