MicroStrategy, a business intelligence firm and one of the largest holders of Bitcoin, believes that the cryptocurrency market is bottoming out and that a Bitcoin rally is on the horizon. Michael Saylor, the former CEO of MicroStrategy, cites several factors that could drive BTC to new highs in 2023, including favorable regulations from the SEC and CFTC, the upcoming halving event, and the potential for capital to flow from altcoins to BTC. Saylor also remains bullish about the Ordinals platform, which allows users to attach files to Satoshis, and believes that it will help propel Bitcoin towards new highs. Despite recent price contractions, Bitcoin remains within a bullish formation and could potentially see significant gains in the future.
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