Michael Saylor, the Chairman of MicroStrategy Inc, is a firm believer in Bitcoin and its potential for growth. Despite a recent dip in price, Saylor sees this as an opportunity to build a position in BTC, which he believes will continue to rise.
Interestingly, Saylor remains “sceptic” on other cryptocurrencies due to regulatory uncertainty surrounding the industry. Speaking with CNBC, Saylor stated that he believes Bitcoin is the one commodity the SEC won’t regulate and that the way is clear for BTC to rally from here.
MicroStrategy Inc currently holds approximately 140,000 Bitcoin, which were purchased for a total cost of around $4.17 billion. Saylor is convinced that the recent bank failures and regulatory uncertainty surrounding cryptocurrencies will work in favour of Bitcoin, considering its reputation as a safe haven and most secure asset.
Saylor is also bullish on Bitcoin due to the Lightning Network, which he believes has the potential to be a disruptive payment network. Additionally, he sees Bitcoin as the world’s biggest insurance company.
In conclusion, Michael Saylor’s bullish view on Bitcoin is steadfast, while he remains sceptical on other cryptocurrencies due to regulatory uncertainty. Ultimately, only time will tell whether Saylor’s predictions for Bitcoin will hold true and continue to see growth in the coming years.