Michael Saylor Predicts ‘Demand Shock’ As Bitcoin’s Market Cap Skyrockets 160% In 2023, Gaining $530B On ETF Hopes

Investor optimisim was high in 2023, as Bitcoin’s BTC/USD market cap surged by 160%, reaching a noticeable $530 billion after a downturn the prior year. This decrease of $1.5 trillion bearish sentiment was led on by the anticipation of new U.S. regulations that would confirm the first Bitcoin-focused exchange–traded fund (ETF). According to Michael Saylor, co–founder of MicroStrategy Inc., MSTR, expressed that the passing of this ETF shall create a “demand shock” staring to assemble within the utilization sector that could only create increased liquidity. A far cry from facing $4.3 billion of fines by Binance and fraudalent accusations levied to FTXs know as Sam Bankman–Fried. Despite these turbulent the difficulties, Bitcoin Triumphed over and outperformed fiscal equities and the gold markets in recent analysis. Then there is also Coinbase Global Inc who have conducted gain hikes, sharp AS 400% despite an accurate conviction case via the SEC.

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