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Michael Saylor: Bitcoin Spot ETF will be a "milestone for institutional adoption of Bitcoin."
2023-06-30 13:53
Odaily News: MicroStrategy CEO Michael Saylor stated that a Bitcoin ETF would be a significant development in the industry, but it may not necessarily lead to a substantial increase in prices. During an interview with The Block, Saylor said, "This is a milestone on the path to institutional adoption. I think it's important, but I don't believe it will overnight push Bitcoin to $5 million." Furthermore, Saylor added, "I view spot ETFs as regulatory recognition of Bitcoin as a legitimate asset, and it also provides an entry point where I can buy $10 million worth of Bitcoin in 30 seconds with a single click." (The Block)