Michael Saylor, co-founder of MicroStrategy, made striking comments about Bitcoin (BTC) by addressing the chaos environment in the crypto industry.
Known as Bitcoin (BTC) maximalist, Michael Saylor believes crypto-related regulatory enforcement actions will work out in BTC’s favor. Saylor stated that US regulators do not see it as the right path for cryptocurrencies and have no love for stablecoins, tokens and derivatives. However, stating that this situation will turn in favor of BTC over time, the maximalist added that his belief that BTC will exceed $250,000 is getting stronger.
“Regulatory Pressure Cannot Stop Bitcoin (BTC)”
The regulatory issue, which has recently been fueled by the SEC’s lawsuits against Binance and Coinbase, continues to cause controversy to big names in the industry. Making statements by addressing the confusion in crypto, Saylor stated his views by targeting regulatory pressures;
“The SEC’s view is that crypto exchanges should buy and sell pure digital commodities like Bitcoin, and therefore the entire industry is doomed to be rationalized towards a Bitcoin-focused industry with perhaps half a dozen to a dozen other proofs of work. markers.
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