LIVE
🚨 SAYLOR DECLARES POTENTIAL SPOT BITCOIN ETF APPROVAL AS WALL STREET'S BIGGEST MOVE SINCE THE 1990S🔝
What to Know:
Michael Saylor, co-founder and executive chair of #MicroStrategy , shared compelling insights about #bitcoin s future in a recent interview with Bloomberg.
Here's a breakdown of the key points👇
🟢Wall Street's Game-Changer:
- Saylor suggests that the potential approval of spot Bitcoin #ETFs in January could be the most significant development on Wall Street in the past 30 years.
- For example, Saylor compares Bitcoin’s impact to that of the S&P 500 ETF, which provides investors with easy access to a widely followed index.
🟢Anticipated Demand Shock:
- Saylor foresees January’s ETF approval as a major catalyst, triggering a demand shock in the market.
- The expectation is that mainstream retail and institutional investors will gain access to a "high bandwidth compliant channel" to invest in Bitcoin.
2024 Bull Run✅
- Expressing optimism, Saylor predicts a substantial bull run for Bitcoin in 2024, expecting a 2–10 times increase in demand coupled with a supply halving.
However, the Microstrategy Executive Chairman acknowledges challenges in predicting the exact extent but confidently states, "Higher."
🟢MicroStrategy’s Unique Role:
- Saylor differentiates MicroStrategy's role from spot ETFs, highlighting the company's uniqueness as an operating entity.
- MicroStrategy generates additional Bitcoin through operations, uses intelligent leverage, and does not charge fees.
🟢MicroStrategy vs. ETFs:
- Saylor Describes ETFs as "shipping lines" and MicroStrategy as an "airline," offering high performance without fees.
- MicroStrategy has provided traditional investors with exposure to Bitcoin's price since 2020, boasting 174,530 BTC with an average purchase price of $30,252.
LIVE