A famous billionaire expects the price of "Bitcoin" to reach $ 250,000

A well-known billionaire expects the value of “Bitcoin” to succeed in $ 250,000

World By Jun 14, 2023 No Comments

MicroStrategy CEO Michael Saylor mentioned current actions by US regulators point out that the cryptocurrency trade is heading in the direction of a Bitcoin-focused trade.

“MicroStrategy’s view since 2020 has been that the one institutional-grade asset is Bitcoin,” Saylor added in an interview with Bloomberg on Tuesday. “It is fairly clear that the regulators do not see a legit path ahead within the cryptocurrency house…so the entire trade is type of destined to enter a Bitcoin-focused trade.”

SEC lawsuits crush the wealth of crypto billionaires.. What occurred?

Over the previous week, the Securities and Change Fee (SEC) has filed lawsuits towards Binance and Coinbase, the 2 largest cryptocurrency exchanges by market capitalization.

Saylor mentioned the “logical subsequent step” is for Bitcoin to develop 10 occasions in worth to $250,000.

“In the end, I’ve confidence that cryptocurrency exchanges will really understand that Bitcoin is the dominant asset on this house, and that their enterprise fashions are good when Bitcoin goes up 10x,” Saylor mentioned.

See more: BlackRock expects robust demand for infrastructure funding in Saudi Arabia

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