Michael Saylor, co-founder of MicroStrategy and a Bitcoin maximalist, believes that Bitcoin is the only institutional grade investable asset in the crypto space and that altcoins are not worth investing in. He predicts that Bitcoin will continue to rise and eventually dominate the crypto space with an 80% market share.
Saylor attributes the lack of institutional investment in the space to confusion and anxiety, but believes that the upcoming Bitcoin halving, increased hash rate, and clarity from the SEC will fuel the next bull run. Saylor's comments were made in a recent interview with Bloomberg Crypto.
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