Michael Saylor: “Regulations Will Do Bitcoin Good”

In an interview with Bloomberg, MicroStrategy CEO Michael Saylor talked about all the curious topics, from the company’s latest $ 250 million Bitcoin purchase to the developments in El Salvador.

Saylor, one of the biggest advocates of Bitcoin, stated that regulatory rules covering cryptocurrencies will also be advantageous for Bitcoin.

Stating that the regulatory rules in the crypto space will clarify and have a positive effect on cryptocurrencies, Saylor pointed out that the rules can reduce the volatility of Bitcoin.

Clarity is needed in crypto. Crypto regulations and clarity will reduce volatility in the Bitcoin space and increase public confidence in Bitcoin.

The American billionaire said he sees Bitcoin as “a commodity store of value that will be held for the next 30 years.”

He also reminded that MicroStrategy has only invested in Bitcoin until now, and stated that there may be more gains in other cryptos such as Solana and Ethereum, but that Bitcoin is less risky than these cryptos.

Saylor described El Salvador’s adoption of Bitcoin as a legal currency as an “extraordinary and world-shaking event”, noting that the local people of El Salvador did not support this event much.

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