MicroStrategy’s Michael Saylor gives audacious forecast for bitcoin
The atmosphere is charged in the US crypto arena, heightened by SEC Chair Gary Gensler’s seeming determination to rein in crypto businesses. MicroStrategy Inc’s co-founder and executive chairman Michael Saylor recently spoke to Bloomberg, commenting on this dynamic while painting an optimistic future for bitcoin . Since 2020, MicroStrategy has posited bitcoin (BTC) as the singular institutional-grade, investable asset in the crypto space. This globally recognized and acknowledged digital commodity has dwarfed other crypto contenders from Saylor’s perspective. Given the regulatory climate, Saylor articulates that the authorities lack a legitimate forward path for other cryptocurrencies, including stablecoins, crypto securities, and crypto derivatives. The landscape appears to narrow down to a bitcoin -centric industry, as regulators lean towards crypto exchanges trading and holding only pure digital commodities such as bitcoin . You might also like: Rece...