Executive chairman of MicroStrategy, Michael Saylor, believes that Bitcoin ETFs have become the largest innovation in the mainstream adoption since the introduction of Bitcoin. He terms them as the final main street on-ramp to both the retail and institutional investors. ETFs, he believes, take out the onerousness of wallets, private keys and regulatory compliance and allow mass asset flows into bitcoin with minimal friction.
ETF Success
Saylor draws a straight line between the Bitcoin ETFs and the ones introduced on gold in the early 2000s. At that time, the high price of gold rose because institutional investors came in easily through ETFs. Saylor is confident that Bitcoin will experience this sort of trend with ETFs driving the demand and establishing new valuation records with BTC.
He notes that corporate treasuries, pension funds, and sovereign wealth funds can now obtain Bitcoin exposure without the custody, or technical constraints needed to access the markets. This, according to him, removes the biggest detergent to large investors and opens the path to the use of BTC globally as store of value.
Trillions of Potential Capital Inflows
Saylor believes that trillions of dollars may want to make their way into Bitcoin ETFs in the next few years. He contends that due to this flood of institutional and retail investment the BTC will enter a new stage and become the most dominant digital asset globally. In his opinion, the Bitcoin is no longer and more than some alternative investment; it is now considered as being the best inflation hedge and financial store of the 21st century.
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