Saylor: ETF launch will not affect investor interest in MicroStrategy

Saylor: ETF launch will not affect investor interest in MicroStrategy

84
Author: Robert Strickland (crypto-journalist)
Subscribe

 

Saylor: ETF launch will not affect investor interest in MicroStrategy

MicroStrategy CEO Michael Saylor believes that the launch of a bitcoin ETF will not affect investor interest in the company



Michael Saylor compared his company to a "sports car" and the spot ETF to a "supertanker" when talking about giving investors access to buy bitcoin

MicroStrategy CEO Michael Saylor said in an interview with Bloomberg that his company will remain attractive to investors buying its shares as an indirect investment in bitcoin (BTC), even if regulators approve applications for any of the spot bitcoin ETFs.

A spot bitcoin-ETF would support all companies linked to the main cryptocurrency, attracting billions in additional investment from major hedge funds, Saylor said.

"Even if the bitcoin-ETF is approved, investors will remain interested in MicroStrategy to buy bitcoin. We are the 'sports car' in the cryptocurrency industry and the spot bitcoin-ETF is the 'supertanker,'" he said.

On Aug. 2, MicroStrategy said it will be able to commit up to $750 million more to Bitcoin after its offering.

Former SEC Chairman Jay Clayton said that applicants for a spot bitcoin ETF have a high chance of approval if they can prove that it is a more efficient and effective way for investors to buy the digital asset.

 

Other news

Bitcoin is growing without mass hype. When everyone starts talking about cryptocurrency
Traders in options are betting on Bitcoin to rise above $65,000.
How Bitcoin Halving Will Affect Its Price. Key Points from the Grayscale Report
Bitcoin has returned to growth and reached $45,000. What's next?
In London, the trial of the self-proclaimed creator of Bitcoin has begun.
One of the best months. What will happen to Bitcoin in February
Trustpilot