The SEC’s attacks on a number of cryptocurrencies, in Michael Saylor’s opinion, could reverse the trend and make Bitcoin THE cryptocurrency that everyone is once again fighting for.
The Securities and Exchange Commission, otherwise known as the American regulator, has launched a veritable crusade against the Web 3.0 world in recent months. A dozen tokens, including ADA and MATIC, have recently been declared “stocks” or “digital securities” by the organization. A name that has a significant influence on the sector, which the US government is now threatening with sanctions. The SEC’s assault on Ripple, the organization that created XRP, marked the beginning of the sling.
The former CEO of MicroStrategy, Michael Saylor, claims that this “clarification” should lessen investor uncertainty and concern regarding assets that will be “validated” by the SEC, such as Bitcoin, which might once more turn into THE cryptocurrency that the entire world rips away. Clear regulation of asset classes, in the ex-CEO of MicroStrategy’s opinion, might even be the catalyst for the next bull run in Bitcoin. According to Michael Saylor, the price of the asset could instantly spike and see a 10x increase in value in a matter of months if the SEC were to consider Bitcoin to be a legitimate asset in the eyes of businesses.
“Many institutional investors have held back from investing in Bitcoin because of this anxiety,” says Michael Saylor. “The public is realizing that Bitcoin is the next Bitcoin.”
Words are not totally disinterested since MicroStrategy has a war chest of 140,000 Bitcoins acquired, at an average price of 29.803 dollars.
