Bitcoin Spot ETF Is Wall Street's Biggest Development in 30 Years.
#BTC maximalist Michael Saylor stated that Bitcoin spot ETFs are the biggest development on Wall Street in the last 30 years and there will be an explosion in demand.
The cryptocurrency market experienced a remarkable rise in the last quarter of 2023. Leading cryptocurrency Bitcoin (BTC) has entered the radar of corporate companies that manage billions of dollars. Giant companies such as BlackRock and Fidelity have applied for #Bitcoin spot ETF. Official approval is expected for applications at the beginning of 2024. Future-oriented scenarios have begun to be created by experts in the industry.
#MichaelSaylor , founder of MicroStrategy, a technology company that regularly purchases BTC, gave the signal for the bull. Saylor stated that BTC, which has a supply of 21 million, is the biggest development on Wall Street in 30 years. According to Saylor, there will be incredible interest in BTC.
MicroStrategy's founder, Michael Saylor, was a guest on Bloomberg TV the other day. Making striking statements on crypto, Saylor reiterated his bullish expectation.
Speaking to Bloomberg, Saylor underlined that #Bitcoin spot ETFs should not be taken lightly. According to Saylor, Bitcoin spot ETFs, which seem likely to be accepted, will be Wall Street's biggest development in the last 30 years.
Saylor claimed that Bitcoin spot ETFs would cause a demand shock and an explosion of interest in BTC, which has a limited supply. Stating that ETFs are a compatible channel to attract mainstream investors to Bitcoin, Saylor expects intense interest from Wall Street.
Saylor also touched on Bitcoin halving. Pointing out that BTC will also halve in 2024, when Bitcoin spot ETFs are expected to be approved, Saylor said that only 450 BTC will be produced every day. Saylor, who thinks that a big bull may come for Bitcoin, did not make any price predictions.
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