MSTR - MicroStrategy CEO Michael Saylor: ETFs Spark 10 Times As Much Demand For Bitcoin | Benzinga
MicroStrategy Inc. (NASDAQ: MSTR) co-founder and executive chair Michael Saylor appeared on CNBC to discuss Bitcoin (CRYPTO: BTC) after the digital asset crossed the coveted $50,000 mark.
As an uncorrelated asset, it's free from exposure to any specific country, currency, company or external factors such as weather or war, Saylor says. He highlighted the significant role of exchange-traded funds (ETFs) in driving Bitcoin's popularity.
"There's ten years of pent-up demand. People have been waiting for these ETFs," he stated, pointing out that mainstream investors now have easier access to Bitcoin, which has contributed to the surge of capital into the asset class.
The ...