Regulators ‘Destine’ Crypto Industry To Be BTC-Focused: Michael Saylor

According to MicroStrategy co-founder Michael Saylor, regulatory actions against cryptocurrency companies in the United States could create a Bitcoin-focused industry that will push its price above $250,000. In an interview with Bloomberg, the Bitcoin proponent explained that the Securities and Exchange Commission (SEC)’s recent enforcement actions will eventually work in Bitcoin’s favor. Bitcoin is the only cryptocurrency that SEC chair Gary Gensler has excluded from being a security. Saylor: U.S. controllers ‘don’t see a genuine way ahead for digital currencies Saylor added U.S. controllers “don’t see a genuine way ahead for digital currencies” adding “they have no affection” for stablecoins, The post Regulators ‘Destine’ Crypto Industry To Be BTC-Focused: Michael Saylor appeared first on Cryptoknowmics-Crypto News and Media Platform .