2023-06-16 08:40:01
MicroStrategy CEO Michael Saylor said recent actions by US regulators indicate that the cryptocurrency industry is heading toward a Bitcoin-focused industry.
“MicroStrategy’s view since 2020 has been that the only institutional-grade asset is Bitcoin,” Saylor added in an interview with Bloomberg last Tuesday.
“It’s quite clear that the regulators don’t see a legitimate path forward in the cryptocurrency space…and so the whole industry is kind of destined to go into a Bitcoin-focused industry,” he continued.
Saylor predicted that the next logical step would be for Bitcoin to multiply 10 times in value to $250,000.
“Ultimately, I have confidence that cryptocurrency exchanges will truly realize that Bitcoin is the dominant asset in this space, and their business models do well when Bitcoin goes up 10x,” he concluded.
1686911214
#famous #American #billionaire #reveals #surprise #fate #Bitcoin #currency #Observatory #Newspaper