Spot Bitcoin ETFs: Michael Saylor predicts a revolutionary shift in the game
MicroStrategy’s executive chairman, Michael Saylor, recently discussed the impact that upcoming spot Bitcoin ETFs could have on the markets. During a Bloomberg TV interview, Saylor stated that this development could be the most significant event on Wall Street in the last three decades, drawing a comparison to the introduction of the S&P 500 ETF. He explained that mainstream investors have been lacking a suitable and efficient way to invest in Bitcoin, and the spot Bitcoin ETF is expected to fill that gap.
Saylor predicts that the introduction of the spot ETF will create a demand shock for Bitcoin, followed by a supply shock during April’s halving event. This halving will reduce the daily production of Bitcoin from 900 to 450, further driving up demand. While Saylor foresees a major bull run for Bitcoin in the coming year, he refrained from speculating on specific price levels.
To address concerns about the potential diversion of investor demand from MicroStrategy to a spot ETF, Saylor emphasized MicroStrategy’s unique position as an operating company. He highlighted that MicroStrategy can use its cash flow or “intelligent leverage” to strengthen its Bitcoin holdings. Unlike ETFs, MicroStrategy does not charge ownership fees.
In related news, the SEC is reportedly reviewing spot Bitcoin ETF applications with a fresh perspective. This indicates a potential shift in the regulatory landscape for Bitcoin ETFs. Stay updated by following us on Google News.
