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<p><strong>Michael Saylor, one of the most famous Bitcoin-bulls, shared his views on the future of Bitcoin.</strong></p>
<h2 style="text-align: center;" id="enforcement-actions-favor-bitcoin">Enforcement Actions Favor Bitcoin</h2>
<p>MicroStrategy co-founder Michael Saylor <a href="https://twitter.com/saylor/status/1668681012115546120" target="_blank" rel="noopener">believes</a> that regulatory enforcement actions in the United States will shape a Bitcoin-focused crypto industry, potentially driving its price over $250,000. Saylor points out that the Securities and Exchange Commission (SEC) excludes Bitcoin <a href="https://walletinvestor.com/magazinadmin/coinbase-wants-clear-rules-from-the-sec/" target="_blank" rel="noopener">from being considered a security</a>, which positions it favorably compared to other cryptocurrencies. According to Saylor, U.S. regulators have doubts about the future of cryptocurrencies and lack enthusiasm for stablecoins, crypto-tokens, and crypto-based derivatives. He predicts that Bitcoin will lead the industry, with a few other proof-of-work tokens, and expects Bitcoin&#8217;s price to increase tenfold and then tenfold again.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">&#8220;<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is money. Everything else is credit.&#8221; &#8211; Michael Saylor ⚡️ <a href="https://t.co/DgEoHAe2ye">pic.twitter.com/DgEoHAe2ye</a></p>
<p>— The Bitcoin Conference (@TheBitcoinConf) <a href="https://twitter.com/TheBitcoinConf/status/1668673985540661270?ref_src=twsrc%5Etfw">June 13, 2023</a></p></blockquote>
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<h2 style="text-align: center;" id="bitcoin-8217-s-market-share-on-the-rise">Bitcoin&#8217;s Market Share on the Rise</h2>
<p>Saylor highlights that Bitcoin&#8217;s market share has already increased from 40% to 48% in 2023. He attributes this growth to the SEC&#8217;s enforcement actions and the agency&#8217;s classification of 68 cryptocurrencies as securities, none of which are proof-of-work tokens. Saylor anticipates that Bitcoin&#8217;s dominance will reach 80% in the future as institutional investors enter the crypto market once confusion and anxiety surrounding crypto dissipate.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Watch how a <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> block is verified across the globally decentralized computer network. This happens approximately every 10 minutes ↓<a href="https://t.co/JhpAmFOAiX">pic.twitter.com/JhpAmFOAiX</a></p>
<p>— Documenting ₿itcoin 📄 (@DocumentingBTC) <a href="https://twitter.com/DocumentingBTC/status/1668751766199103488?ref_src=twsrc%5Etfw">June 13, 2023</a></p></blockquote>
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<h2 style="text-align: center;" id="criticism-and-differing-views">Criticism and Differing Views</h2>
<p>While Saylor and other Bitcoin advocates foresee a Bitcoin-centric future, they face criticism and opposition from various voices. Anthony Sassano, host of The Daily Gwei, criticizes &#8220;Bitcoiners&#8221; who support the SEC&#8217;s lawsuits against Coinbase and other exchanges listing tokens considered unregistered securities. Some, like the team behind MetaMask and others, believe in a &#8220;multichain future,&#8221; asserting that different blockchains serve different purposes. Mike McGlone, a senior macro strategist at Bloomberg Intelligence, suggests that a &#8220;deflationary bust&#8221; affecting commodities and bank deposits could impact the crypto market.</p>
<h2 style="text-align: center;" id="saylor-bitcoin-8217-s-clarity-will-drive-adoption">Saylor: Bitcoin&#8217;s Clarity Will Drive Adoption</h2>
<p>Saylor states that regulatory clarity will drive Bitcoin adoption, removing confusion and anxiety for institutional investors. He believes that regulators in the U.S. have a limited view of crypto exchanges, which they see as primarily for trading and holding pure digital commodities like Bitcoin. The recent SEC lawsuit against Coinbase, accusing the exchange of listing unregistered securities, has highlighted this regulatory perspective. Saylor emphasizes that Bitcoin&#8217;s decentralization and exemption from being classified as a security make it stand out. He firmly believes that Bitcoin is the next Bitcoin and expects its value to increase exponentially.</p>
<h2 style="text-align: center;" id="binance-ceo-addresses-rumors-of-bitcoin-sales">Binance CEO Addresses Rumors of Bitcoin Sales</h2>
<p>It seems that other big players share Saylor’s view on the significance of Bitcoin in today’s crypto industry. Binance CEO Changpeng &#8220;CZ&#8221; Zhao has dismissed rumors that the exchange has been selling Bitcoin to support the price of BNB coin. CZ tweeted that Binance has not sold BTC or BNB and even mentioned having a bag of FTT, refuting the rumors. Earlier, tweets from traders highlighted short-term correlations between Bitcoin sell-offs and BNB purchases, suggesting a connection between the two. These tweets gained significant attention on Twitter, but CZ dismisses them as baseless speculation.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">4. Binance have not sold BTC or BNB. We even still have a bag of FTT.</p>
<p>It is amazing they can know exactly who sold based on just a price chart involving millions of traders. FUD. 🤷‍♂️ <a href="https://t.co/M3MUH2bFRE">pic.twitter.com/M3MUH2bFRE</a></p>
<p>— CZ 🔶 Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1668735411705765893?ref_src=twsrc%5Etfw">June 13, 2023</a></p></blockquote>
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<h2 style="text-align: center;" id="summary">Summary</h2>
<p>Michael Saylor, co-founder of MicroStrategy, believes that regulatory enforcement actions in the United States will lead to a Bitcoin-focused crypto industry. Saylor suggests that the recent actions by the SEC, which excludes Bitcoin from being considered a security, will favor Bitcoin over other cryptocurrencies. He predicts that the industry will rationalize down to a Bitcoin-focused market, potentially driving its price to exceed $250,000. Saylor notes that Bitcoin&#8217;s market share has already increased and expects it to further dominate the market, reaching 80% in the future. However, Saylor&#8217;s views have faced criticism, with some arguing for a multichain future and others raising concerns about potential risks. Meanwhile, Binance CEO Changpeng &#8220;CZ&#8221; Zhao has denied rumors of the exchange selling Bitcoin to support the price of BNB coin, emphasizing that no BTC or BNB has been sold.</p>

Michael Saylor: Bitcoin Is the Future

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