Michael Saylor said that if the U.S. Securities and Exchange Commission (SEC) finally approved spot Bitcoin ETFs in January 2024, it could lead to a major demand shock for the crypto.
Saylor’s Prediction
Michael Saylor, the influential founder of MicroStrategy and a leading advocate for mainstream Bitcoin adoption, has raised a significant prediction regarding the cryptocurrency’s future. Saylor suggests a potential major demand shock for Bitcoin in the wake of a spot ETF approval anticipated in January 2024.
MicroStrategy, currently the largest institutional holder of Bitcoin, began accumulating the cryptocurrency in August 2020. With a substantial holding of 158,400 Bitcoin, the company’s perspective carries weight in the crypto community.
Saylor emphasizes the probable impact of the spot Bitcoin ETF approval, especially considering the likelihood of approval from the SEC.
Demand Shock & Supply Shock Dynamics
The approval of the spot ETF could trigger a demand shock for BTC
We współpracy z: https://cryptodaily.co.uk/2023/12/michael-saylor-predicts-demand-shock-for-btc-in-2024
