At the Bitcoin Conference 2025, Michael Saylor, the CEO of Strategy, criticized the proof of reserves on the blockchain, calling it a "bad idea."
He argued that disclosing wallet addresses jeopardizes the security of issuers, custodians, and investors, as it makes them traceable and vulnerable to hacking over time.
Saylor warned that AI tools can easily identify "50 pages of security vulnerabilities," highlighting the risks.