Michael Saylor is bullish that the recent bankruptcy event is beneficial for Bitcoin.
Bitcoin is very transparent whereas FTT lacks, and this is the reason for bankruptcy: Michael Saylor.
Michael Saylor, an American entrepreneur, and business executive who has also co-founded Microstrategy claimed that the collapse of FTX had led to many problems for other crypto exchanges but, it will draw some benefits along with more investors for Bitcoin.
Per his point of view, the event will eventually remove thousands of purposeless digital assets and only Bitcoin along with some other platforms will survive.
As per the American entrepreneur, the downfall of FTX was a consequence of not having adequate clarity. And, if a firm stores crypto assets, then it shouldn’t be someone else’s responsibility.
Saylor purported that “you are required to have full transparency to it. And this is the thing what Bitcoin has and FTT lacks of”
The business executive trusts that this crisis will lead to
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