Michael Saylor: “Regulations will do Bitcoin good”

In an interview with Bloomberg, MicroStrategy CEO Michael Saylor spoke about all the curious topics, from the company’s latest $ 250 million Bitcoin purchase to developments in El Salvador.

Saylor, one of the biggest proponents of Bitcoin, stated that the regulatory rules covering cryptocurrencies will also be advantageous for Bitcoin.

Stating that regulatory rules in the crypto space will clarify and have a positive effect on cryptocurrencies, Saylor noted that the rules can reduce Bitcoin’s volatility.

Clarity is needed on cryptocurrencies. Crypto regulations and clarity will reduce volatility in the Bitcoin space and increase public trust in Bitcoin.

The American billionaire said he sees Bitcoin as “a store of value that will last for the next 30 years.”

He also recalled that MicroStrategy has only invested in Bitcoin so far, and stated that there may be more gains in other cryptocurrencies such as Solana and Ethereum, but that Bitcoin is less risky than these cryptocurrencies.

Saylor described El Salvador’s adoption of Bitcoin as a legal currency as an “extraordinary and world-shaking event,” noting that the local population of El Salvador was not very supportive of this event.

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