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NEW YORK – MicroStrategy CEO Michael Saylor expressed an optimistic outlook for , highlighting its potential for stability and growth in the year ahead. In a recent interview with CNBC, Mr. Saylor highlighted several factors that could positively influence the trajectory of bitcoin in 2024.
One of the key drivers of bitcoin’s future, according to Mr. Saylor, is the planned approval of a Spot Bitcoin ETF. This development is expected to make it easier for investors to access bitcoin, which could increase demand for the cryptocurrency. Additionally, Mr. Saylor emphasized that favorable changes in monetary policy could further boost bitcoin’s appeal.
The upcoming Bitcoin Halving event is another important factor that Saylor believes will have a positive impact on Bitcoin supply. Halving events, which occur approximately every four years, reduce the number of new bitcoins entering circulation. This event has historically led to an increase in the price of bitcoin due to reduced supply pressure.
Mr. Saylor also noted the growing interest in bitcoin in countries with high inflation rates. For these countries, bitcoin is increasingly seen as a more stable asset than their local currencies, which are often subject to devaluation.
Since MicroStrategy began investing in bitcoin in August 2020, the company has seen the value of its shares rise alongside bitcoin’s rebound, which reached around $43,000. CEO’s Confidence in Bitcoin Goes Beyond Market Trends; he mentioned that updating the Financial Accounting Standards Board (FASB) accounting standards could encourage more companies to adopt bitcoin as a Treasury reserve asset.
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