Michael Saylor, the founder and Chairman of Bitcoin-bullish business intelligence and software firm, MicroStrategy Inc has made some bold predictions about the top digital currency. Speaking at the Latin American Bitcoin & Blockchain Conference (LABITCONF), Michael Saylor said Bitcoin is destined to be the apex ETF asset.<\/span><\/p>\n It is common knowledge that Michael Saylor is one of the biggest proponents of Bitcoin today. Under his leadership, MicroStrategy has acquired<\/a><\/span> as much as 174,530 Bitcoin units in line with its Treasury Reserve Allocation. At the conference, he said there is an endless economic war that is masked by the uneven distribution of Capital.<\/span><\/p>\n <\/p>\n Talking about his favorite term \u201ceconomic fuel\u201d which denotes capital, Saylor shows how the total global asset of $900 trillion is currently allocated. With Bitcoin only taking $500 billion, gold is worth $12 trillion, government bonds pegged at $300 trillion, and real estate at $330 trillion to mention a few.<\/span><\/p>\n This unfavorable allocation to Bitcoin, he believes will change in due course once the world comes to understand the inherent value proposition of Bitcoin. With some of the largest asset managers in the world including BlackRock and Fidelity Investments now vying to launch<\/a><\/span> Bitcoin spot Exchange Traded Fund (ETF) product, the potential flight to BTC is a matter of when not if.<\/span><\/p>\n <\/p>\n Judging by its growth and popularity, Michael Saylor projects that BTC is on track to become the \u201capex commodity, technology, property, money, and ETF asset\u201d judging by its multilateral utility and evolutionary potential.\u00a0<\/span><\/p>\n <\/p>\n Though there are thousands of ETF products with many tracking crypto assets, Saylor is optimistic BTC ETF will become dominant in no distant time.<\/p>\n When Satoshi Nakamoto invented Bitcoin, the primary value proposition was to serve as an alternative currency to move money. The coin\u2019s uses over the years have changed and besides serving a role as a hedge against inflation, companies like MicroStrategy use it as a store of value in place of more established products like stocks and bonds.<\/span><\/p>\n With Bitcoin ETF approval in view<\/a><\/span>, a new shift may be created as investors on Wall Street will find it easier and sensible in terms of regulatory allowance to gain exposure to Bitcoin. The likely shift from equities to Bitcoin ETF may bring such disruption to digital markets investing, a trend Michael Saylor is convinced will fuel the growth of the top coin over other traditional assets<\/a><\/span>\u00a0in the future.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <\/p><\/div>\nMichael Saylor Makes Bold Bitcoin Predictions<\/strong><\/h2>\n
Bitcoin to Disrupt Digital Market Investments<\/strong><\/h2>\n
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