Crypto:
29757
Bitcoin:
$66.748
% 0.03
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 66.748
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

Here are Michael Saylor ‘s Views on ETFs!

Michael Saylor

MicroStrategy’s founding partner Michael Saylor, one of the Bitcoin bulls, says the approval of the Bitcoin exchange-traded fund (ETF) that comes with the S&P 500 index fund could be the most significant development on Wall Street since the early 1990s. In an interview with Bloomberg on December 19, Saylor said, “This could be the biggest development on Wall Street in the last 30 years.”

You might like: Michael Saylor’s Striking Insight on Bitcoin!

Emphasizing the importance of this development, Michael Saylor said “What was so important was the creation of the S&P index and the ability to invest in 500 S&P companies with a single transaction”. He also noted that the spot Bitcoin ETF would open doors for mainstream retail and institutional investors who previously could not access a suitable channel to invest in Bitcoin.

Saylor's faith in Bitcoin remains unshakable as MicroStrategy buys an additional 480 BTC

 

Saylor suggested that the demand-creating potential of this ETF would be a major catalyst and then the Bitcoin halving in April would create a “supply shock”.

“I don’t think we’re seeing a 2 to 10 fold increase in demand along with supply for a scarce, desirable asset that people will want to hold for a long time. That’s why we expect 2024 to be a big bull run for the asset class,” he said.


In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on TelegramYoutube, and Twitter for the latest news and updates.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *