โ๏ธ Michael Saylor: Bitcoin ETF Approval Was a "Crossing the Chasm" Moment for the Asset Class
๐ข MicroStrategy co-founder Michael Saylor stated that the approval of the Bitcoin ETF in January was a crucial turning point for Bitcoin, marking its transition to an asset class with potential value between $10 trillion and $100 trillion.
๐ค Saylor criticized the SEC's approach to cryptocurrencies and highlighted their reluctance to allow options trading.
๐ He added that the SEC permitted only cash creation instead of in-kind redemption, meaning investors cannot directly exchange their $BTC for shares in the ETF.
๐ฌ "Both of these make these spot ETFs incomplete," he noted.
