MicroStrategy Expects to Retain Appeal If Bitcoin ETF Approved

MicroStrategy Inc.’s Michael Saylor says investors will continue to view his software firm as a Bitcoin proxy even if regulators approve the first US exchange-traded fund to directly hold the cryptocurrency.

A spot Bitcoin ETF should help all Bitcoin-related companies by bringing in billions in additional investments from the likes of large hedge funds, Saylor said Wednesday during a Bloomberg Television interview.

“We are that sports car. The spot ETF will be that super tanker,” said Saylor, who is chairman and co-founder of MicroStrategy. “We view it as really beneficial to the entire ecosystem.”

Michael Saylor, MicroStrategy chairman, says he’s buying up as much Bitcoin as he can. He speaks on “Bloomberg Markets.”

Source: Bloomberg

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