Michael Saylor: Spot Bitcoin ETF is Wall Street’s biggest development in the past 30 years
MicroStrategy's CEO, Michael Saylor, stated in an interview with Bloomberg that the market should not underestimate the importance of the upcoming launch of a Bitcoin ETF, which could be the biggest development on Wall Street in 30 years. Saylor stated that the most recent similar product was the Standard Poor's 500 ETF, which allowed investors to easily invest in the widely followed index.
Saylor believes that a Bitcoin ETF tool will bring a demand shock to Bitcoin, followed quickly by a supply shock in the form of the halving event in April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Considers Exemptions for Tokenized Securities Amid Evolving Regulatory Landscape
US stablecoin bill fails after $65 million bipartisan effort stalls
Bond says government induced guilty plea in $400K FTX campaign case
Two US states pass Bitcoin reserve laws worth millions in 48 hours
Trending news
MoreCrypto prices
More
