Bitcoin

<ul><li>John E. Deaton supports Michael Saylor&#39;s view on Bitcoin&#39;s future, highlighting the halving event and potential Bitcoin ETFs as demand multipliers.</li><li>MicroStrategy&#39;s Bitcoin investment strategy yielded a 213% stock increase, surpassing the gains of tech giants in the &#39;Magnificent Seven.&#39;</li><li>Saylor touts Bitcoin as a hedge against inflation and a corporate growth strategy, highlighting its massive return since 2011.</li></ul>Cryptocurrency advocate John E. Deaton has taken to social media to endorse MicroStrategy CEO Michael Saylor&#39;s recent remarks on Bitcoin. Deaton&#39;s tweet, which followed a segment of Saylor&#39;s <a href="https://www.foxbusiness.com/video/6340630026112" rel="noopener noreferrer nofollow">interview</a> on Fox Business, underscored the simplicity and strength of the argument for Bitcoin&#39;s bullish prospects. Deaton specifically cited the forthcoming Bitcoin halving event, which will cut the new supply of Bitcoin in half, and the expected introduction of Bitcoin Spot Exchange-Traded Funds (ETFs) as catalysts that could potentially double the demand for the digital currency.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9a6eb882bff94333a2477537bca72eed.png" />Deaton&#39;s commentary extended to the potential ripple effects within the financial sector. He hypothesized that the entry of major financial players such as BlackRock into the Bitcoin market could significantly boost daily demand. He questioned how financial advisors and money managers could ignore Bitcoin&#39;s presence in the market, especially when the halving and Spot ETFs come into play. Deaton suggested that current Bitcoin investors might deepen their commitments while those on the sidelines could be persuaded to allocate a modest percentage to their investment portfolios.Read full article at <a href="https://cryptotale.org/crypto-lawyer-backs-michael-saylors-bitcoin-playbook-in-twitter-endorsement/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Lawyer Backs Michael Saylor's Bitcoin Playbook in Twitter Endorsement

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