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Michael Saylor predicts brighter days for Bitcoin (BTC)

Mon 26 Jun 2023 ▪ 3 min of reading ▪ by Luc Jose A.
Getting informed Invest

The news about the queen of cryptocurrencies is closely followed, and predictions about its future are multiplying by the day. The digital asset has been experiencing an upward trend for the past few days, much to the delight of Bitcoiners. Many analysts agree that it is destined for better days. Renowned investor Michael Saylor is among those who believe this and has recently shared the reasons why he believes Bitcoin (BTC) will continue to dominate the cryptocurrency market for a long time.

A Bitcoin coin symbolizing the rise

A cryptocurrency endorsed by several US presidential candidates

As a fervent advocate for the flagship cryptocurrency, Michael Saylor does not hesitate to refute the critics of Bitcoin (BTC). In an interview with CNBC, the co-founder of the analysis and strategic intelligence company MicroStrategy once again predicted a bright future for the queen of cryptocurrencies.

Mr. Saylor mentioned certain factors to justify his stance. He first pointed out that Bitcoin (BTC) is endorsed by several US presidential candidates. Indeed, Francis Suarez, Ron DeSantis, and Robert Francis Kennedy, all in the running for the White House, are fervent supporters of cryptocurrencies.

Mr. Saylor also highlights the interest of BlackRock, Fidelity, and many other financial giants in Bitcoin. He asserts that these companies are now aware of the strong potential of Bitcoin (BTC) and recognize it as the winning asset.

The only universally accepted commodity

Michael Saylor also commented on the issue of Bitcoin (BTC) regulation. The investor claims to have read thousands of legal documents related to cryptocurrency regulation. Therefore, he states with full knowledge that the queen of cryptos is the only universally accepted commodity.

Finally, Mr. Saylor asserts that “the future will bring a parade of positives for those intent on proliferating bitcoin as an instrument of economic empowerment”.

The American entrepreneur clearly has high hopes for the world’s largest cryptocurrency by market capitalization. Recently, Michael Saylor predicted a bitcoin-centric crypto industry (BTC) based on the recent measures taken by the SEC.

L’entrepreneur américain place visiblement beaucoup d’espoirs dans la plus grande cryptomonnaie par capitalisation boursière. Récemment, Michael Saylor a prédit une industrie crypto axée sur le bitcoin (BTC) en se basant sur les récentes mesures prises par la SEC.

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Luc Jose A. avatar
Luc Jose A.

Graduated from Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. Every day, I strive to provide an objective analysis of the news, decipher market trends, relay the latest technological innovations, and put the economic and societal issues of this ongoing revolution into perspective.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.