Billionaire Michael Saylor Says Bitcoin Price Will '10X' When US Regulation Path Becomes Clear

BULLISH ON $BTC :rocket: :rocket:

Michael Saylor, the co-founder and former CEO of MicroStrategy, believes regulatory clarity in the US on digital assets would catalyze a surge in the price of Bitcoin.

In a recent interview with Bloomberg, Saylor predicted that BTC would increase by 10x in value after the public realizes Bitcoin’s true potential.

“The next logical step is for Bitcoin to 10x from here, and then 10x again.”

Saylor argued that the recent crypto crackdown by the US Securities and Exchange Commission (SEC) is “laying the foundation” for the next Bitcoin bull run.

He mentioned that the Securities and Exchange Commission (SEC) had categorized some of the most popular altcoins, including Solana (SOL), Cardano (ADA), and Polygon (MATIC), among others, as securities.

Interestingly, Bitcoin was left out of this categorization, suggesting that it may not be considered a security.

“Regulatory clarity is going to drive Bitcoin adoption by eliminating the confusion and anxiety that has been holding back institutional investors,” the Bitcoin bull said.

SEC Sues Binance and Coinbase, Classifies Major Cryptos as Securities

Last week, the SEC sued both Binance, the world’s largest cryptocurrency exchange, and Coinbase, the largest US-based cryptocurrency exchange.

The commission filed 13 charges against Binance and its US affiliates, ranging from allegedly operating as an unregistered exchange to offering unregistered securities.

The regulator also levied similar charges against Coinbase, claiming it operated as an exchange, broker, or clearing agency without the required registrations.

In each case, the SEC noted that several tokens listed by the exchanges are unregistered securities, including dozens of popular cryptocurrencies.

These include Binance’s native token BNB, Solana’s SOL, Cardano’s ADA, Polygon’s MATIC, Filecoin’s FIL, Cosmos’ ATOM, Sandbox’s SAND, Decentraland’s MANA, Algorand’s ALGO, Axie Infinity’s AXS, and Coti’s COTI tokens.

In response to the SEC ruling, brokerage firm Robinhood has now delisted Cardano, Polygon, and Solana.


Anticipating that :eyes::rocket:

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He will be very very rich then!

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