According to the co-founder of MicroStrategy, the company that holds one of the largest BTC reserves, Michael Saylor, Bitcoin will soon begin to take funds away from other risky investment products. The entrepreneur emphasized that unlike gold, which cannot be quickly moved, bitcoin is instantly sent to users.
Michael Saylor believes the first cryptocurrency has the opportunity to become a dominant asset in various investment products after spot Bitcoin ETFs were approved in the US.
Previously, MicroStrategy's CEO said that Bitcoin ETFs from BlackRock and Fidelity have been much more successful than previously thought, and Bitcoin is hot on the heels of the S&P 500 index.
Source: Bits
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