According to Cointime news on June 14th, Michael Saylor said, the recent SEC enforcement actions on cryptocurrency firms could result in a Bitcoin-focused industry and push its price to over $250,000. Saylor believes that the exclusion of Bitcoin from being classified as a security gives it an advantage, while regulators are not supportive of stablecoins, crypto-tokens, and crypto-based derivatives.
He predicts that crypto exchanges will be the catalyst for a significant price surge, resulting in an increase in Bitcoin's market share from 40% to 80%. However, some critics believe that a "multichain future" is inevitable, and there is a risk of a deflationary bust impacting the commodities market and bank deposits.
All Comments