๐Michael Saylor, MicroStrategy's co-founder, says the recent listing of #Bitcoin ETFs is pushing up the token's price due to a massive supply-demand imbalance! ๐
"There's ten times as much demand for bitcoin coming into these ETFs as there is supply from the natural sellers who are the miners," he told CNBC. ๐
Saylor also revealed that MicroStrategy will be re-branding into a bitcoin development company, reflecting its strategy to accumulate more #crypto and promote the growth of the Bitcoin network. ๐ผ
What do you think about this shift in focus for MicroStrategy? Share your thoughts in the comments! ๐ฌ