Michael Saylor: Bitcoin Enters 'Spring' Recovery Phase, Market Set for Rebound

On May 22, Michael Saylor, founder of Strategy, stated in an interview with CNBC that Bitcoin has previously fallen from a high of approximately $125,000 to around $60,000, and is now entering a 'spring' recovery phase. He noted that the current position has solid support and expects the market to rebound from these levels. He also pointed out that as the digital credit market develops, the new Bitcoin supply from miners is being fully absorbed by the market. He stated, 'Our company may buy all the Bitcoin produced by miners from now until 2140.' Additionally, Saylor mentioned that the advancement of the U.S. CLARITY Act and the SEC's 'innovation exemption' policy for tokenization of securities could be significant positive factors for the digital asset market.
BTC-2.31%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned