Michael Saylor believes that the SEC's procedure could increase Bitcoin's dominance to 80 %

Michael Saylor believes that the SEC's procedure could increase Bitcoin's dominance to 80 %

Michael Saylor-Executive Chairman from Microstrategy-believes that the regulatory pressure of the US stock exchange supervision SEC could be a positive factor for the price of Bitcoin and enhance its dominance compared to other digital wealth values.

The American predicted that many old coins are considered securities and the stock exchanges would take them out of the list. BTC will be among the few that are spared, while its market share dominance could increase to 80 %, added Saylor.

Bitcoin is "determined".

one of the most eager supporters of the most important cryptocurrency-Michael Saylor-believes that the lawsuits that the US stock exchange supervision SEC against Binance and Coinbase could have a positive influence on the supremacy and the price of Bitcoin. In a current Interview for Bloomberg, the American said that he would expect the interest of investors to increase if the regulatory authority continues against the rest of the industry.

According to him, the agency will declare most of the digital currencies as securities, while BTC and "a dozen other" assets could remain the only ones that have the status of goods.

"The entire industry is determined, so to speak, to Bitcoin and half a dozen until a dozen other proof-of-work tokens," said Saylor.

Michael Saylor, CNBC

This could make the leading digital asset even more attractive for investors and increase its market dominance from currently 48 % to 80 %.

Saylor remained loyal and gave another optimistic price forecast for Bitcoin: the value rose to over $ 250,000 and then rose ten times again.

The CEO of Microstrategy has shared numerous optimistic forecasts for BTC in recent years. In June last year, he described the asset as a better financial instrument as gold. argue his price could "get into the millions".

He remained a strong supporter during the FTX crisis. claim that Bitcoin is completely transparent and will emerge as "winner" because it is a "digital good".

The BTC dominance reached a two-year high

The dominance of Bitcoin compared to the alternative coins has gradually increased in recent months. The latest data (presented by Coinmarketcap) show that it reached 47.6 %, a value that was last achieved in spring 2021

Bitcoin dominance diagram. Coinmarketcap

The last time that the dominance of Bitcoin was 80 % at Saylor's future goal was Ether (Ether), Tether (Usdt), Binance Coin (BNB), Ripple (XRP) and more gained access and shrank.

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