Michael Saylor Says There’s a Decade of Pent up Demand for Bitcoin ETFs
MicroStrategy executive chairman and co-founder Michael Saylor, said there is over a decade of pent-up demand for Bitcoin exchange-traded funds, in an interview with CNBC.
“There’s 10 years of pent-up demand people been waiting for these ETFs and finally, mainstream investors are able to access Bitcoin and I think that’s what’s driving the surge of capital in the asset class,” said Saylor.
#Bitcoin is the world’s most popular investment asset. It is novel, digital, global, unique, and uncorrelated to traditional risk assets. That makes it a natural addition to the portfolio of a responsible investor. pic.twitter.com/ZOEVkKDh0T
— Michael Saylor⚡️ (@saylor) February 12, 2024
The MicroStrategy chairman discussed the state of the crypto industry, the rollout of bitcoin ETFs, bitcoin’s climbing valuation, and future plans.
In the interview, Saylor also explained that MicroStrategy will be rebranding as a Bitcoin development company. He explained, that the rebrand was a natural decision due to the company’s success in its Bitcoin strategy and unique status as the world’s largest publicly traded holder of Bitcoin.
Saylor highlighted plans to develop software, generate cash flow, and leverage the capital markets to accumulate more Bitcoin for shareholders and promote the growth of the Bitcoin network.
Saylor also addressed the company’s transition from on-premises to cloud and artificial intelligence (AI) which will allow the company to continue growing the business.
“Bitcoin is the world’s most popular investment asset. It is novel, digital, global, unique, and uncorrelated to traditional risk assets. That makes it a natural addition to the portfolio of a responsible investor,” said Saylor.
On Tuesday, Bitcoin’s price prediction buzz
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