Last year was “probably the most positive year in the history of Bitcoin and digital assets,” said Michael Saylor, CEO of publicly traded Strategy, the largest holder of Bitcoin (BTC), in light of a series of regulatory developments seen as positive in the United States.
The executive emphasized Positive changes in US regulatory environment, mentions Securities and Exchange Commission (SEC) There is a need for more “Bitcoin and digital asset friendly” policies to be implemented, and for policies that are disadvantageous to this sector to be reversed.
Furthermore, he pointed out that White House supports digital currency as ‘digital gold’ And the Treasury Secretary’s support for stablecoins shows that the future of the US dollar lies in its tokenization. Saylor also highlighted the appointment of a new chairman of the Commodity Futures Trading Commission (CFTC) with a positive outlook on digital assets.
As for the future of the market, Saylor predicts the industry will “grow 10 times.” This growth forecast is supported by the increasing participation of large traditional financial institutions such as JPMorgan, Wells Fargo, Bank of America, Morgan Stanley, and BNY Mellon. According to the President of Strategy, these organizations will be responsible for introducing Bitcoin and digital assets to the next billion people.
The businessman argued that Bitcoin volatility is decreasing as industry structures, more derivatives emerge and mechanisms to cover risks. Aligned expectations between analysts covering your company and industry Digital asset price expected to be around $150,000 by year-end. Thaler concluded that Bitcoin has gone from being “against the system” to being “accepted by the system.”
This number is modest compared to the prediction Saylor made in December, as reported by CriptoNoticias. At the time, the executive said he believed digital assets could reach $180,000 by the end of this year, which was $30,000 higher than the current forecast.
