Michael Saylor: Spot Bitcoin ETF is Wall Street’s biggest development in the past 30 years

12/20 03:49

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MicroStrategy's CEO, Michael Saylor, stated in an interview with Bloomberg that the market should not underestimate the importance of the upcoming launch of a Bitcoin ETF, which could be the biggest development on Wall Street in 30 years. Saylor stated that the most recent similar product was the Standard & Poor's 500 ETF, which allowed investors to easily invest in the widely followed index.

Saylor believes that a Bitcoin ETF tool will bring a demand shock to Bitcoin, followed quickly by a supply shock in the form of the halving event in April.

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