Anvesh Reddy
Crypto News: MicroStrategy cofounder and hardcore Bitcoin supporter Michael Saylor said the top cryptocurrency had been gaining support universally in recent times, including from both Democrats and Republican leaders in the United States. He said that the enforcement actions from the likes of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have only increased the fear, uncertainty and doubt (FUD) around the crypto market. However, he explained, that the uncertainty is a good thing for Bitcoin.
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Bitcoin At Inflection Point
With large financial companies filing for spot Bitcoin ETF and the overall optimistic environment in the financial industry, it feels like the industry is at an inflection point, he explained on Friday speaking in an interview. At this point, we have the most information to conclude that Bitcoin is a differentiated international asset store of value and digital commodity. Saylor had also commented on Democratic Presidential Candidate Robert F. Kennedy Jr’s promise to back the US dollar with Bitcoin.
The MicroStrategy cofounder said the move could raise the credibility of the US central bank if it holded some Bitcoin.
Also Read: Cathie Wood’s Ark Invest Predicts Bitcoin (BTC) Price Amid Key Macro Events
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