Michael Saylor points to the silver lining post FTX crash

Michael Saylor points to the silver lining post FTX crash

The American Billionaire is one of the most famous personalities in the industry.
Saylor is the co-founder of Microstrategy and is a Bitcoin whale.
He believes the crypto industry could benefit greatly from the FTX debacle.
While the industry is coming to terms with the collapse of the third largest cryptocurrency exchange FTX, Bitcoin whale Michael Saylor might have pointed out the silver lining to all this.
FTX crashed after discrepancies were exposed in the holdings of its native tokens. Several investors have lost their funds and faith in crypto exchanges.
Saylor resigned as the CEO of Microstrategy in August this year and is presently serving as the executive chairman of the company. He holds 17,732 BTC. Microstrategy offers business intelligence software services.
In an interview with CNBC, Saylor claimed that the FTX fallout will give a fillip to the industry in terms of regulatory clarity and would weed out tokens which would not be able to comply with regulatory requirements.

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