MicroStrategy is a business intelligence firm and one of the biggest holders of Bitcoin, the world’s most valuable cryptocurrency by market capitalization. And Michael Saylor, the former CEO of MicroStrategy, believes the cryptocurrency market is bottoming, and a Bitcoin rally is on the horizon.
Regulation, Halving, And Ordinals Are Drivers
In the interview, Saylor points out several tailwinds that may drive BTC to new 2023 highs. Specifically, he talks about regulations and how BTC is safe, considering the favorable classification from the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), two of the top regulators in the country. Their officials classify Bitcoin as a commodity with utility and not an unregistered security.
Saylor opines that other assets besides Bitcoin have a “black cloud hanging” over them and could be “regulated out of existence.” Consequently, he continued, capital will most likely flow from altco
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