I see evidence of much more institutional acceptance - presented
I see evidence of much more institutional acceptance - presented
The company Microstrategy, which was listed on the Nasdaq, sees "evidence of a much stronger institutional acceptance" by Bitcoin. The company called various reasons, including "the circumstances and currency volatility" in Turkey, South America and Africa - "All of these things have increased institutional awareness of Bitcoin".
Microstrategy outlines the future prospects for Bitcoin
The software company Microstrategy, listed at the Nasdaq, discussed the future prospects for Bitcoin during the company's Q1 request on Wednesday.
"In terms of the prospects for Bitcoin, I think that the investment class has developed and matured in the past 12 months," explained Michael Saylor, CEO of Microstrategy, and stated:
I see signs of a much stronger institutional acceptance, greater acceptance in macro and other hedge funds.
"We made great progress among the companies," he continued. "By the end of the quarter there will be 24 listed Bitcoin miners, so many listed companies in the Bitcoin area."
Saylor also predicted that there will be "more and more listed companies that keep Bitcoin in their balance sheets, more and more public investors with Bitcoin engagement, more banks that introduce Bitcoin acquisition and commercial and commercial services, more regulatory awareness and more clarity about how the entire crypto industry will develop."
The Pro-Bitcoin manager outlined many developments that have raised awareness of Bitcoin. "Many of the macroeconomic developments have increased the reputation and awareness of companies and investors in the rest of the world for Bitcoin," said Saylor and noticed:
The circumstances and currency volatility in Turkey, currency volatility in South America, currency volatility in Africa, all of these things have increased institutional awareness of Bitcoin.
In addition, "have the capital market volatility, the volatility of shares, the S&P index, the volatility of Nasdaq, of large technology stocks, all these things increased the awareness of the mainstream investors for Bitcoin", described Saylor.
The CEO of Microstrategy continued: "There is a growing atmosphere that we see in the mainstream that Bitcoin is here. The crypto economy is a great opportunity for the whole world. And politicians, investors and companies are eager to agree on what this means and how they should adapt their practices." Saylor Castle:
We look forward to the next wave of the institutional introduction, which in my opinion should be promoted if people are better informed and become more aware of what digital property is.
This week bought Microstrategy 660 further bitcoins and thus increased that of the company crypto stocks at about 125.051 bitcoin .
do you agree with Michael Saylor about the future prospects for Bitcoin? Let us know in the comment area below.
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