MicroStrategy executive chairman and former CEO Michael Saylor has acknowledged that regulators will be forced to act after the FTX cryptocurrency exchange crisis.
According to Saylor, regulators are likely to crack down on the crypto sector by opting to ban any innovations, a scenario he suggested would benefit assets like Bitcoin (BTC), he said during an interview with Natalie Brunell on November 14.
He stated that Bitcoin, as the ‘apex’ cryptocurrency, is the ultimate store of value likely to gain in the existence of effective regulations while suggesting that jurisdictions can also opt to be progressive in crypto laws.
“Regulators will either move much more aggressively in a fairly regressive conservative approach, and that means they will just shut down all the other crypto innovations, in which case Bitcoin will still be a beneficiary because in a conservative world, Bitcoin is the apex crypto property and people will simply hold it as a long-term store of valu
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