The universe of cryptocurrencies is in perpetual motion, but certain comments particularly attract attention. Billy Markus, co-founder of Dogecoinrecently made a bold proposition: if Bitcoin reaches the price of $1 million, he wants Michael Saylor, the CEO of MicroStrategy, to build a temple dedicated to bitcoin.
A Twitter discussion behind an unexpected concept
Billy Markus brought up the idea during a social media chat with Michael Saylor. The latter had shared a CNBC video about the potential endorsement a spot Bitcoin ETF.
Saylor then commented:
“The approval of a BTC ETF will mark a crucial inflection point in the history of Bitcoin adoption.”
In response, Markus tweeted:
“If bitcoin reaches a million dollars, can you build a giant bitcoin temple where we can pray to Satoshi?”
Michael Saylor, CEO of MicroStrategy, reiterated the crucial importance of the approval of a Bitcoin ETF for the adoption of this cryptocurrency. According to him, such an approval would act as a major turning point in Bitcoin’s trajectory, while further validating the cryptocurrency as a legitimate investment asset.
A new chance for Grayscale and a tribute to Satoshi Nakamoto
According to a tweet from Watcher.Guru, Grayscale Investmentsthe company behind the popular crypto fund, is reportedly closer than ever to launching a spot Bitcoin ETF, following a recent court victory against the SEC.
A federal court order summoned the SEC to reconsider the rejection of Grayscale’s application for a Bitcoin ETF. Moreover, it is impossible to ignore Satoshi Nakamoto, the mysterious figure who initiated this financial revolution. Its 2008 white paper was the catalyst for the emergence of blockchain technology and continues to inspire the industry.
The world of cryptocurrencies is always full of surprises. Between proposals like Billy Markus’ and potential legal developments like the approval of a Bitcoin ETF, the future may look bright.
Who knows, maybe the next step will be building a bitcoin temple? an idea that, while far-fetched, could well become a reality if these developments continue to push Bitcoin to new heights.
Expectations around an upcoming Bitcoin ETF
According to Mike Novogratz, CEO of Galaxy Digital, a Bitcoin ETF could see the light of day in the United States within four to six months. He claims to rely on information from BlackRock and Invescotwo global asset management giants.
The cryptocurrency industry long awaited SEC clearance to issue such a fund, which would be a real catalyst for the mass adoption of cryptocurrency.
Factors that could influence approval
An ETF analyst now estimates a 65% chance that the US will finally approve a spot Bitcoin ETF. According to this expert, two court events could play a decisive role in this approval : the evolution of the lawsuit between Ripple and the SEC, and the upcoming lawsuit regarding Grayscale.
These legal procedures may well have an impact on the decision of the SECgiving new impetus to the adoption of Bitcoin.
With these developments, the cryptocurrency industry could be on the verge of significant changes. Approval of an ETF would not only be a milestone for Bitcoin, but also further validation of cryptocurrency as an investment asset.
Sources: Twitter (X)cryptonews.com