MicroStrategy CEO Michael Saylor believes crypto regulation might assist appeal to conventional finance buyers to Bitcoin (BTC).
In a brand new Fox Enterprise interview, Saylor says giant buyers would get entangled in Bitcoin if the federal government supplied regulatory readability.
“I believe it’s an immature asset class that’s maturing and I believe that any type of regulation goes 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 steering, the OCC [Office of the Comptroller of the Currency], it’s all going to be good for Bitcoin…
Many individuals take their cues from the federal government, prefer it or not. And so if the federal government clarifies the distinction between a commodity, a safety, a forex and the way you need to use this stuff, I believe that opens up a a lot simpler path for institutional buyers, mainstream buyers and firms to get entangled.”
After investing 100 hours all of us come to appreciate that #Bitcoin is 100x greater than the following greatest digital commodity community and totally distinctive. I take the lengthy view in my cheerful, constructive dialog with @cvpayne as we discuss BTC & debunk the critics.pic.twitter.com/YeqzfVd8xB
— Michael Saylor?? (@saylor) June 21, 2022
Based on Saylor, the extent of threat publicity when investing in Bitcoin is determined by the time horizon and the motivation.
“Bitcoin’s gone via three boom-and-burst cycles within the final two years since we obtained concerned. If you’re a short-term investor, this can be a high-risk, high-beta, high-volatility asset.
However when you’ve got obtained a 10-year time view, in case you are a long-term investor, it appears to be like like a low-risk store-of-value asset.
So all of it comes all the way down to what your time horizon is and what you might be in search of out of the asset.”
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