MicroStrategy CEO Michael Saylor believes that crypto regulation could help attract traditional financial investors to Bitcoin (BTC).
In a new interview with Fox Business, Saylor says big investors would get involved in bitcoin if the government offered regulatory clarity.
“I think it’s an immature asset class that’s maturing and I think any form of regulation will be good.
[Whether] it is the SEC [Securities and Exchange Commission]the CFTC [Commodity Futures Trading Commission]the FASB [Financial Accounting Standards Board]the FDIC [Federal Deposit Insurance Corporation]. If any of them provide guidance, the OCC [Office of the Comptroller of the Currency]everything will be fine for bitcoin…
Many people orientate themselves towards the government, whether they like it or not. So when government clarifies the difference between a commodity, a security, a currency and how to use those things, I think it opens up a much easier avenue for institutional, mainstream and corporate investors to get involved.”
After investing 100 hours we all realize that #Bitcoin is 100x bigger than the next best digital commodity network and absolutely unique. I take the long-term perspective in my happy, constructive chat with @cvpayne as we talk BTC and debunk the critics.pic.twitter.com/YeqzfVd8xB
-Michael Saylor?? (@saylor) June 21, 2022
According to Saylor, the level of risk involved in investing in Bitcoin depends on the time horizon and motivation.
“Bitcoin has gone through three boom and burst cycles in the past two years since we got involved. If you are a short term investor, this is a high risk, high beta, high volatility asset.
But if you have a 10-year perspective, if you’re a long-term investor, it looks like a low-risk store of value.
So it comes down to what your time horizon is and what you expect from the asset.”
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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