JAKARTA - The price of Bitcoin (BTC) has continued to soar recently. Bitcoin had penetrated Rp1 billion for the second time. This increase attracted the attention of investors from various circles. Michael Saylor, CEO of MicroStrategy, also highlighted this phenomenon. For information only, MicroStrategy is an intelligence business company known as one of the largest Bitcoin holders in the world.
In a statement posted on X, Saylor unraveled a number of factors driving the increase in Bitcoin prices. According to him, the Federal Reserve's decision to relax monetary policy has increased Bitcoin adoption by major financial institutions such as Wall Street, as well as the SEC's potential Bitcoin spot ETF approval to be the main catalyst.
"Bitcoin has transformed into digital gold in the 21st century," said Saylor. With the support of large institutions and increasingly clear regulations, Bitcoin is getting stronger as a hedge asset.
Saylor also sees the huge potential of Bitcoin in the long term. He projects that the value of the Bitcoin market will continue to grow rapidly, even reaching tens of trillions of US dollars in the next few years. This is supported by the growing interest of institutional investors and governments of various countries.
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Saylor Highlights US Elections
The 2024 US election is also in the spotlight of Saylor. He believes that the election results will provide clearer regulatory certainty for the crypto market, thereby driving faster growth. Several presidential candidates, such as Donald Trump and Robert F. Kennedy Jr., have expressed support for Bitcoin, which further strengthens the position of this crypto asset in the public eye.
MicroStrategy, under the leadership of Saylor, has been a pioneer in the adoption of Bitcoin by public companies. With total Bitcoin holdings reaching tens of billions of US dollars, MicroStrategy has succeeded in attracting investors who want to participate in the Bitcoin trend. MSTR shares continue to skyrocket, showing investor confidence in the company's strategy.
Ethereum And Memecoin Status Is Not Clear
Although Bitcoin is Saylor's main focus, he also gives his views on other crypto assets such as Ethereum and coin memes. According to him, these assets are still in the gray zone' in terms of regulation and liquidity. Bitcoin, with its clear status as a commodity, is considered more attractive to institutional investors.
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