Michael Saylor recently discussed why legal obstacles for the Bitcoin sector have diminished, clearing a path for further adoption.
MicroStrategy is a popular U.S.-based business intelligence firm. Since 2020, this firm has been buying Bitcoin under the leadership of Michael Saylor. In August 2022, Saylor stepped down from the CEO role to dedicate his full time and focus to the company’s Bitcoin-related plans.
In a CNBC interview, Saylor spoke extensively about Bitcoin, particularly how the U.S. presidential election has transformed the regulatory landscape for this innovative sector. Saylor noted that the White House, Senate, and Congress now support cryptocurrencies, which he believes will accelerate Bitcoin’s acceptance at the government level.
Saylor also expressed his view that Bitcoin represents the “Manifest Destiny” for the United States. He discussed “The Red Wave,” MicroStrategy’s $42 billion plan, the strategic value of a Bitcoin reserve, and preparations for a potential $100,000 milestone celebration in a conversation with Morgan Brennan.
DeFi Technologies Follows MicroStrategy’s Lead
Canadian company DeFi Technologies has launched its CoreFi Strategy, an initiative inspired by MicroStrategy’s Bitcoin-centered approach. This strategy offers a leveraged and compliant return path for Bitcoin and CORE, the native asset of the Core blockchain, with a specific focus on the BTCfi sector.
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MicroStrategy ($MSTR) Price Action
The current trade price of $MSTR is $327, up 18% over the past seven days.
Bitcoin Price Action
Bitcoin’s current trade price is $87,266, a 15% increase over the last seven days. This bullish trend shows a similar pattern in the price movement of both Bitcoin and MicroStrategy stock.
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