MicroStrategy’s Co-Founder and Chief Executive Officer Michael Saylor said in an interview with Bloomberg that in 2024 Bitcoin He shared an optimistic forecast for. Saylor’s prediction includes optimism based largely on the launch of spot BTC ETFs.
Saylor underlined the historical importance of this development, comparing it to the beginning of the S&P 500, which he described as “the most important development on Wall Street in thirty years.”
Michael SaylorAccording to ‘s predictions, there will be a significant transformation in the dynamics of the Bitcoin market.
Currently controlled by “owners” and traditional crypto investors, the Bitcoin market looks poised to undergo a potentially significant shift as institutional and mainstream investors get involved due to the announcement of spot ETF approvals in January.
According to Saylor, this entry is positioned to cause a significant demand disruption. Saylor predicts a supply shock because natural sellers are only offering 900 Bitcoins per day and a drop of 40 BTC per day seems likely. According to Saylor, these details are important factors that can trigger a bull surge.
MicroStrategy claims that it is trying to increase its BTC holdings using a variety of strategies, such as participation in profit and loss operations and capital markets activities, with a particular emphasis on Bitcoin value per share and long-term investor value.
These regulations, with an official launch date of 2025, will enable organizations to accurately account for fluctuations in the value of cryptocurrency assets using fair value accounting.