According to MicroStrategy CEO Michael Saylor, adopting proper regulatory standards for the cryptocurrency sector would be very helpful for bitcoin. He also highlighted the benefits of the original Bitcoin, saying that it is the institution’s sole investable asset.
American millionaire Michael Saylor recently discussed cryptocurrency in an interview with Bloomberg. Microstrategy’s CEO talked with Bloomberg on regulatory challenges and the benefits of bitcoin.
He argues that more regulation and openness in the sector would benefit the whole economy. Additionally, they may help to decrease bitcoin’s volatility and boost its acceptance among the general population. Shortly afterward, institutional adoption would increase as well:
Clarity is required. Regulation and transparency in the cryptocurrency sector would help to decrease volatility in the bitcoin ecosystem and boost public trust in bitcoin.
One of BTC’s most enthusiastic supporters, Michael Saylor, has expressed his continued support for this asset. According to him, Bitcoin is a commodities store of value that should be kept for the next 30 years. He said the same thing about other crypto ventures like Solane and Ethereum.
MicroStrategy exclusively invests in bitcoin, according to Saylor. It recently purchased the asset, about 250 million dollars’ worth, which equals 5050 BTC at today’s rates. Over 114,000 MicroStrategy coins were acquired by the company, which more than doubled its holdings.
Also Read: South Korea Will Postpone The Implementation Of Cryptocurrency Tax Legislation
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
- Advertisement -
Comments are closed.