Michael Saylor recently discussed why legal obstacles for the Bitcoin sector have diminished, clearing a path for further adoption.
MicroStrategy is a popular U.S.-based business intelligence firm. Since 2020, this firm has been buying Bitcoin under the leadership of Michael Saylor. In August 2022, Saylor stepped down from the CEO role to dedicate his full time and focus to the company’s Bitcoin-related plans.
In a CNBC interview, Saylor spoke extensively about Bitcoin, particularly how the U.S. presidential election has transformed the regulatory landscape for this innovative sector. Saylor noted that the White House, Senate, and Congress now support cryptocurrencies, which he believes will accelerate Bitcoin’s acceptance at the government level.
JUST IN: Michael Saylor says "The White House, Senate, and Congress are all pro crypto."The time has come… pic.twitter.com/nYg6S9ovdn
— Bitcoin Archive (@BTC_Archive) November 14, 2024
Saylor also expressed his view that Bitcoin represents the “Manifest Destiny” for the United States. He discussed “The Red Wave,” MicroStrategy’s $42 billion plan, the strategic value of a Bitcoin reserve, and preparations for a potential $100,000 milestone celebration in a conversation with Morgan Brennan.
Bitcoin is Manifest Destiny for the United States. My discussion of The Red Wave, MicroStrategy's $42 Billion Plan, the compelling logic of the Strategic #Bitcoin Reserve, and getting ready for the 100K party, with @MorganLBrennan. pic.twitter.com/fvkwRnCzlU
— Michael Saylor⚡️ (@saylor) November 14, 2024
DeFi Technologies Follows MicroStrategy’s Lead
Canadian company DeFi Technologies has launched its CoreFi Strategy, an initiative inspired by MicroStrategy’s Bitcoin-centered approach. This strategy offers a leveraged and compliant return path for Bitcoin and CORE, the native asset of the Core blockchain, with a specific focus on the BTCfi sector.
Canadian listed company DeFi Technologies announced the launch of CoreFi Strategy, which draws on the MicroStrategy model to provide a leveraged and compliant return path for Bitcoin and Core blockchain's native asset CORE, and will focus on the BTCfi field.…
— Wu Blockchain (@WuBlockchain) November 14, 2024
MicroStrategy ($MSTR) Price Action
The current trade price of $MSTR is $327, up 18% over the past seven days.
The current trade price of MicroStrategy ($MSTR), Bitcoin bull firm, is $327.67 pic.twitter.com/sXfB6HU7hd
— Bitcoinik (@Bitcoinikdotcom) November 15, 2024
Bitcoin Price Action
Bitcoin’s current trade price is $87,266, a 15% increase over the last seven days. This bullish trend shows a similar pattern in the price movement of both Bitcoin and MicroStrategy stock.
Te current trade price of #Bitcoin is $88,077 pic.twitter.com/4gWytWfmui
— Bitcoinik (@Bitcoinikdotcom) November 15, 2024
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