MicroStrategy CEO Michael Saylor believes crypto regulation may assist appeal to conventional finance traders to Bitcoin (BTC).
In a brand new Fox Enterprise interview, Saylor says giant traders would get entangled in Bitcoin if the federal government provided regulatory readability.
“I believe it’s an immature asset class that’s maturing and I believe that any type of regulation goes to be good.
[Whether] it’s the SEC [Securities and Exchange Commission], the CFTC [Commodity Futures Trading Commission], the FASB [Financial Accounting Standards Board], the FDIC [Federal Deposit Insurance Corporation]. If any of them give steering, the OCC [Office of the Comptroller of the Currency], it’s all going to be good for Bitcoin…
Many individuals take their cues from the federal government, prefer it or not. And so if the federal government clarifies the distinction between a commodity, a safety, a forex and the way you need to use this stuff, I believe that opens up a a lot simpler path for institutional traders, mainstream traders and firms to get entangled.”
After investing 100 hours all of us come to appreciate that #Bitcoin is 100x larger than the subsequent greatest digital commodity community and completely distinctive. I take the lengthy view in my cheerful, constructive dialog with @cvpayne as we discuss BTC & debunk the critics.pic.twitter.com/YeqzfVd8xB
— Michael Saylor?? (@saylor) June 21, 2022
In line with Saylor, the extent of threat publicity when investing in Bitcoin depends upon the time horizon and the motivation.
“Bitcoin’s gone by way of three boom-and-burst cycles within the final two years since we obtained concerned. In case you are a short-term investor, it is a high-risk, high-beta, high-volatility asset.
However when you’ve got obtained a 10-year time view, if you’re a long-term investor, it seems to be like a low-risk store-of-value asset.
So all of it comes all the way down to what your time horizon is and what you might be on the lookout for out of the asset.”
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