For Michael Saylor, institutional adoption of Bitcoin is imminent

Daily summary of news from the crypto world, so you are always informed with the latest news

Michael Saylor celebrates 4 years since his first Bitcoin purchase

MicroStrategy President Michael Saylor estimates that large financial institutions and governments around the world will eventually own Bitcoin. This and more news in this handy daily digest so you're always up to date with the latest developments happening within the crypto world.

Bitcoin will be present in all financial institutions in the world

📍‌MicroStrategy President Michael Saylor believes that institutional adoption of Bitcoin is imminent. During an interview with Michelle Makori, host and editor-in-chief of Kitco News, Saylor said that in the coming years, big banks, financial institutions, non-profit organizations and governments will own Bitcoin.

According to Saylor, the world's leading cryptocurrency has gained greater credibility in the market over the past year, despite the several collapses that occurred in the crypto industry and the bankruptcies of major banks amid the current crisis. 

As CEO of MicroStrategy, Saylor has adapted the mission of driving innovation and investment in Bitcoin as a corporate strategy. The American company, dedicated to the development of business intelligence and data analysis software for companies, has become the largest institutional investor in Bitcoin, holding more than 140.000 BTC in its treasury, actually.

Ledger suspends the launch of Ledger Recover

📍‌Ledger suspends the launch of Ledger Recover and commits to releasing the code. Ledger's key recovery service will no longer be available as planned by the company. In a recent statement, the manufacturer of one of the most in-demand hardware wallets in the crypto industry informed its users that the release of the v2.2.1 update, which included the Ledger Recover service, has been temporarily suspended. 

Ledger CEO Pascal Gauthier said that one of the main reasons for this decision has been the strong controversy that the service has caused in the crypto community. As reported by Bit2Me News, both users of the physical wallet and leaders of the crypto community spoke out against Ledger Recover for violating privacy, security and censorship resistance. Ledger Recover is a service designed to back up hardware wallet keys and users' personal data, which can lead to asset seizure by governments. 

Gauthier said The company had received excellent feedback and reviews on its new service, and while this demonstrated interest from the community, the way it was communicated was not the best. Ledger’s CEO also highlighted the importance that a key recovery service like Recover can have for a wide range of cryptocurrency users who are not familiar with self-custody.

As such, it has pledged to launch the Ledger Recover service when it is open source and auditable. Gauthier said the company is accelerating its roadmap to achieve this new goal. 

La Paz Hospital launches its first training in the metaverse 

📍‌La Paz University Hospital has given its first training course aimed at healthcare professionals in the Metaverse. This course focused on anesthesia, intensive care medicine, cardiology and nursing.

Vicente Gómez Tello, intensive care physician, head of the emergency service at the Moncloa University Hospital and professor of intensive medicine at the European University of Madrid, explained on Twitter that during training in the metaverse he had been able to successfully carry out a simulation on airway management in cardiac arrest. 

According to the newspaper La Vanguardia, of the 312 health professionals who attended this training, 130 did so virtually. 

Continue reading: Bitcoin mining as a stabilizer of energy networks, according to Texas A&M University

Main image from Forbes

IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.