Michael Saylor, founder of software company MicroStrategy, stated that regulatory pressures are working in favor of Bitcoin, while explaining that the cryptocurrency industry will inevitably move towards BTC.
In an interview with Bloomberg on June 13, Michael Saylor said that the latest developments In favor of Bitcoin said it would. of the US Securities and Exchange Commission (SEC) Binance And to Coinbase opened lawsuits pointing out that such regulatory sanctions will direct investors to Bitcoin argued.
With Saylor investors returning to Bitcoin over time, the market dominance of BTC in the long term doubled, regularly in the price 10 times He said he would come out.
Regulatory institutions for altcoins and stablecoins not taking a constructive attitude Emphasizing that and probably not, Saylor said that Bitcoin is a unique asset. he will live his own bull stated:
The SEC’s view is that crypto exchanges should buy and sell pure digital commodities like Bitcoin, and therefore the entire industry should be reduced to a Bitcoin-focused one, with perhaps half a dozen to a dozen PoW (Proof-of-Work) tokens. People are starting to realize that the Bitcoin of the future will be Bitcoin. I think the next step is for Bitcoin to go 10x from here and then 10x again.
Saylor, many cryptocurrencies in SEC’s case files securities While marking it as such, it is not clear that such a definition about Bitcoin has been made until now. has a critical value stated that. Saylor also has a dozen or so besides Bitcoin. PoW (Proof of Work) He added that the token with the system can also survive.
almost a to the token dump transforming crypto money market in the coming period will be cleaned and this clarity the big actors Saylor, who argues that he will withdraw, said that Bitcoin dominance will also increase.
Saylor in this direction Bitcoin dominance since the beginning of 2023 40% from the level up to 49.50% reminding that this rate is in the long run can rise up to 80% He claimed.