In an interview with Bloomberg last summer, MicroStrategy CEO Michael Saylor said that the emergence of bitcoin-ETF spot crypto funds will set the stage for greater adoption of the digital currency.
He also noted that his company will continue to buy BTC and will not abandon its accumulation strategy.
This week on Fox Business TV, Michael Saylor again predicted a rise in institutional interest in bitcoin following the launch of spot ETFs in the U.S. market.
The halving, which will take place in April, will be another factor contributing to the growth of BTC. The cryptocurrency’s value will double if the Securities and Exchange Commission (SEC) approves the issuance of spot crypto funds.
At the very least, demand should double, which will consequently lead to a flight of bitcoin. Moreover, the head of the software company did not rule out that in the long term, the price of BTC will approach $5 million.