Leading cryptocurrency enthusiasts met at the Miami Bitcoin Conference. ARK Invest CEO Cathie Wood and MicroStrategy CEO Michael Saylor also came together for the event. The duo talked about the changing regulatory landscape, future projections and general situations in cryptocurrency
The regulatory environment has been looking friendlier in recent months
ARK Invest CEO Cathie Wood and MicroStrategy CEO Michael Saylor side by side for the 2022 Miami Bitcoin Conference. Famous for their optimism about the future of cryptocurrency, Wood and Saylor are generally credited with popularizing Bitcoin among traditional investment firms.
In a talk titled “The Future Is Bright”, both Wood and Saylor spoke optimistically about the future of cryptocurrency. They agreed that the regulatory environment surrounding cryptocurrencies in particular has seemed friendlier in recent months. Famous CEOs have commented on the dramatically changing views of regulators. Michael Saylor said on the subject:
I think there has been a 180 degree turn in the last 12 months… I think a few weeks ago, with the executive order, the US President gave the green light to Bitcoin.
Buy Bitcoin, not gold
MicroStrategy, of which Saylor is CEO, has created price fluctuations in recent years as a large institutional Bitcoin whale that has amassed billions of dollars in BTC since August 2020. The company currently owns more than 125,000 Bitcoins worth about $5.4 billion. As cryptokoin.com previously reported, in March MacroStrategy, a subsidiary of MicroStrategy, borrowed $215 million from Silvergate to buy more Bitcoin.
Ark Invest’s ETFs, founded by Cathie Wood, have gained immense popularity, especially among individual investors. However, they have fallen sharply since February 2021, when many of the firm’s ETFs were in historic highs. In his conversation with Saylor, Wood reiterated ARK Invests’ prediction that the price of Bitcoin will reach $1 million by 2030. Saylor closed with both a warning and advice to his audience and said:
If you want to convert 250 million dollars to 6 billion dollars, buy Bitcoin, not gold. If I had bought $250 million in gold, I’d have $250 million in gold instead of $6 billion in Bitcoin. Do not sell your Bitcoin!
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