Crypto Blog
MicroStrategy’s Executive Chairman Michael Saylor spoke with CNBC on Thursday about the future of regulation and corporate adoption for Bitcoin , shortly after his company announced a $5.3 million BTC purchase last month.
The executive also stressed the need for the industry to “rationalize away” from the hundreds of thousands of altcoins on the market, and to focus in on Bitcoin. The billionaire has often backed the view of Gary Gensler, chairman of the Securities and Exchange Commission , in labeling most cryptocurrencies beyond Bitcoin as unregistered securities.
Until now, MicroStrategy stock has served as one legal alternative for institutions to gain spot exposure to BTC without an official ETF approved. The company has strived to accumulate as many coins as possible since 2020, now
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