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Billionaire Michael Saylor Says Government Can Help Draw Investors to #Bitcoin (BTC) – Here’s How

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Billionaire Michael Saylor Says Government Can Help Draw Investors to #Bitcoin (BTC) – Here’s How

MicroStrategy CEO Michael Saylor believes crypto regulation could help attract traditional finance investors to Bitcoin (BTC).

In a new Fox Business interview, Saylor says large investors would get involved in Bitcoin if the government offered regulatory clarity.

“I think it’s an immature asset class that is maturing and I think that any form of regulation is going to be good.

[Whether] it’s the SEC [Securities and Exchange Commission], the CFTC [Commodity Futures Trading Commission], the FASB [Financial Accounting Standards Board], the FDIC [Federal Deposit Insurance Corporation]. If any of them give guidance, the OCC [Office of the Comptroller of the Currency], it’s all going to be good for Bitcoin…

Many people take their cues from the government, like it or not. And so if the government clarifies the difference between a commodity, a security, a currency and how you can use these things, I think that opens up a much easier path for institutional investors, mainstream investors and corporations to get involved.”

After investing 100 hours we all come to realize that #Bitcoin is 100x bigger than the next best digital commodity network and utterly unique. I take the long view in my cheerful, constructive conversation with @cvpayne as we talk BTC & debunk the critics.pic.twitter.com/YeqzfVd8xB

— Michael Saylor?? (@saylor) June 21, 2022

According to Saylor, the level of risk exposure when investing in Bitcoin depends on the time horizon and the motivation.

“Bitcoin’s gone through three boom-and-burst cycles in the last two years since we got involved. If you are a short-term investor, this is a high-risk, high-beta, high-volatility asset.

But if you have got a 10-year time view, if you are a long-term investor, it looks like a low-risk store-of-value asset.

So it all comes down to what your time horizon is and what you are looking for out of the asset.”


Source: ethereum.today

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