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Michael Saylor: Buying demand for Bitcoin spot ETFs far exceeds supply

Michael Saylor: Buying demand for Bitcoin spot ETFs far exceeds supply

CointimeCointime2024/02/13 06:27
By:Cointime

on February 13th, Michael Saylor, the founder of MicroStrategy, stated in an interview with CNBC that the lack of Bitcoin products for retail investors has suppressed the demand for Bitcoin in the long term. However, the recent listing of Bitcoin spot ETFs has released this demand and is pushing up the price of Bitcoin. Michael Saylor said that the demand for purchasing Bitcoin spot ETFs is ten times its natural supply.

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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.

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