Amid a fluctuating market and a recent dip in Bitcoin’s value, Michael Saylor, the CEO of MicroStrategy, stands firm in his conviction, suggesting a bright future for the cryptocurrency.
Despite Bitcoin’s slight retreat from a monthly high, Saylor’s unwavering belief in its potential underscores a broader optimism. He points to the upcoming Bitcoin halving as a pivotal event that could alleviate selling pressure, particularly from miners covering operational costs.
Saylor also highlights the growing interest from institutional avenues like spot Bitcoin ETFs, which he believes could foster a favorable supply-demand equilibrium.
“When banks and responsible custodians are managing #Bitcoin & the industry takes its eyes away from all of the shiny little tokens that have distracted & demolished shareholder value, I think the industry moves to the next level and we 10X from here.” @saylor to @SaraEisen pic.twitter.com/sVKugHt7Tx
— Brad Mills
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