absolutely stupid 100%. Also, to justify him a bit, I think that the best way to expose your fiat business to bitcoin is trought custodians. If you are a business you want to pay taxes, be compliant, and so on to continue to do your fiat business; so self custody is mostly a risk.
Also, even in that case, I would use bitcoin in self custody + complete privacy for doing what bitcoin is useful for: tax evasion and hiding wealth.
But they are two "different profiles" for different use cases.
If I would be him probably I would "act" like him (while speeching very differently, and understanding others perspectives). We know how many bitcoin microstrategy has with custodians, by definition we dont know how many bitcoin Saylor is hiding in self custody (probably 0 as he seems so retarded, but still, we dont know by design).
For myfelf, as subject that dont have a fiat business to be compliant with I dont have any doubt, I'd go 100% with privacy + self custody + tax evasion. (or 98% hide / 2% tax-reported to make my profile credible, idk).
I think he previously stated that he holds his personal coins in self-custody.
Maybe this is just an act for institutional investors but its bad advice either way.
For me, it's the tone of contempt towards certain groups of Bitcoiners that concerning here.
He was also getting irritated/angry in the same way in the Saifedean interview when discussing yield and custodians.
Spooky to say the least.
It all depends of the amount of btc/fiat you are moving, if you have a fiat business and want to invest a share, dca in bitcoin you'd better declare everything and be compliant.
Anyway, after a certain amount you can't go 100% with privacy, let's say you want to sell 5 btc for fiat, you'll have to go through a KYC and custodial service in your country.
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