MicroStrategy's Michael Saylor: Bitcoin Now At Inflection Point

Also Read: Binance Vs SEC News: BinanceUS Files Motion In Response To Earlier Deal With SEC

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Bitcoin At Inflection Point

With large financial companies filing for spot Bitcoin ETF and the overall optimistic environment in the financial industry, it feels like the industry is at an inflection point, he explained on Friday speaking in an interview. At this point, we have the most information to conclude that Bitcoin is a differentiated international asset store of value and digital commodity. Saylor had also commented on Democratic Presidential Candidate Robert F. Kennedy Jr’s promise to back the US dollar with Bitcoin.

The MicroStrategy cofounder said the move could raise the credibility of the US central bank if it holds some Bitcoin. Saylor explained that approval of the spot Bitcoin ETFs from the likes of Blackrock and Citadel could change the landscape around how BTC is bought by retail investors and institutions. He said Big Tech companies like Apple, Microsoft and Amazon would be able to buy massive bags of Bitcoin “in a minute” if they wish to, via the spot ETFs, considering their deep relations with banks.

Also Read: Cathie Wood’s Ark Invest Predicts Bitcoin (BTC) Price Amid Key Macro Events

Meanwhile, the Microstrategy share price has been on a decline in recent days while Bitcoin price continues to trade below the $30,000 milestone.

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