MicroStrategy, the renowned business intelligence firm founded by Bitcoin (BTC) advocate Michael Saylor, has witnessed a significant increase in its holdings as Bitcoin continues to soar to new heights, bolstered by the introduction of Bitcoin spot exchange-traded funds (ETFs).
In a recent interview with CNBC, Saylor delved into the implications of ETFs and shed light on his company’s transformation into a Bitcoin development powerhouse.
Bitcoin ETFs Drive Unprecedented Demand
The surge in Bitcoin’s value, reaching a 26-month high, can be largely attributed to the growing demand fueled by the introduction of Bitcoin ETFs. Saylor emphasized that this surge exemplifies Bitcoin’s popularity as a unique, global, and non-correlated digital asset that transcends traditional risk factors.
Saylor further highlighted that after years of anticipation, mainstream investors can now access Bitcoin through ETFs, resulting in an influx of capital into the asset class.
Interestingly, Saylor
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