Michael Saylor Stays Bullish On MicroStrategy’s Bitcoin Stance Amid Potential ETF Approvals

Michael Saylor Stands Positive Despite Potential Approval of Bitcoin ETFs

Executive chair of MicroStrategy Inc. (MSTR), Michael Saylor, expressed his positivity regarding the company’s foothold in the Bitcoin (BTC/USD) market despite the possibility of U.S. approval of Bitcoin Exchange-Traded Funds (ETFs). In an interview with Bloomberg recently, Saylor ensured investors that receiving permission for these funds wouldn’t throw MicroStrategy off-track.

This company refers to an entity that gives investors no-fee, effective stake in the Bitcoin market. Institutional investors put about $6.5 billion in the Bitcoin market already with the total base soon to experience an upsurge due to the upcoming SEC regulation reflecting on approval about mid-January.

It is worth mentioning that apart from MicroStrategy, other industry players, including BlackRock Inc. (BLK), Grayscale Investments and Michael Sonnenshein are also cautiously anticipating the mid-January wave of potential bounties due to iPhone ETFs.

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