- Michael Saylor stated that bitcoin is starting to “step on the heels” of the S&P 500 index.
- MicroStrategy CEO also believes the first cryptocurrency could become a competitor to gold.
MicroStrategy founder and CEO Michael Saylor said that bitcoin ETFs from BlackRock and Fidelity have been more successful than he could have imagined.
Michael Saylor: #Bitcoin ‘Gold Rush’ 2024-2034: The era of mass adoption is here.
I had the chance to sit down with @Saylor to discuss the success of the spot Bitcoin ETFs, why our money is toxic, the ideal form of government, building companies on the network and why Bitcoin is
- Natalie Brunell ⚡ (@natbrunell) March 6, 2024
“We thought bitcoin might be a competitor to gold, but it’s actually gone up and is now starting to come on the heels of the S&P 500 index,” Saylor said.
He added that gold ETFs, which remain the largest commodity ETF in the U.S., “will soon be outperformed by bitcoin peers.”
The MicroStrategy CEO also said that ETFs are a “universal API” that allows investors to easily enter and exit the various funds through which they can now access bitcoin.
“Exchange-traded funds have opened up a whole financial world to 99% of ordinary investors. It cannot be underestimated how important this is for the entire network,” noted Michael Saylor.
Recall, earlier the founder of MicroStrategy said that bitcoin the next ten years will be in the stage of “gold rush”. According to him, it is associated with the high growth of institutional adoption.
