‘Bitcoin will be the winner because bitcoin is a digital good and it’s the least controversial of all’: Michael Saylor of MicroStrategy
“‘Bitcoin will be the winner because bitcoin is a digital good and it is the least controversial of all things.’“
In an interview Thursday morning on CNBC, MicroStrategy’s chief executive, Michael Saylor, shared his thoughts on this week’s FTX and Binance failure, which shocked those within and outside of the cryptocurrency industry.
“For all bitcoin traders, we feel we are stuck in a dysfunctional relationship with crypto and we want to get out,” he said in a statement. Interview with CNBC’s “Squawk on the Street”. He added that “bitcoin BTCUSD will be the winner because bitcoin is a digital good and it is the least controversial of all things.”
When asked about regulation, Saylor said that the industry needs to evolve and regulations are being applied to the sector. This week’s events will “accelerate [regulatory] Saylor said.
Earlier this week, Binance CEO Changpeng Zhao has announced his intention to acquire crypto exchange FTX. A day later, he withdrew from the agreement, saying that decision was the result of “the due diligence of the company, as well as the latest news reports regarding the mishandling of customer funds and the calls.” investigation by US agencies.”
See more: ‘I f — d up’: Sam Bankman-Fried takes responsibility for liquidity problems at FTX
With progressive regulation, people won’t see 20,000 tokens like we do today, he said. Instead, he said, there will be a handful of tokens and they will be validly registered.
“We are moving from the business stage… to the institutional digital asset stage, where the big players… will enter this space, and we will all grow up and the world will benefit. from that,” Saylor said.
The interview was ended by Saylor saying that this week’s events were a teachable moment for everyone. “It teaches you that if you are going to have a crypto asset, it needs to be the responsibility of no one else. You need to have total transparency about it. And that is bitcoin and what is it [the FTX token] FTT did not. ”
Bitcoin price
BTCUSD,
was $17.683.67, up 4.58% over the last 24 hours.
