Michael Saylor: corporate adoption is pushing bitcoin to a new rally
Co-founder of MicroStrategy Michael Saylor stated that by the end of the year, bitcoin is preparing for a new rally. According to him, the continuous purchases from exchange-traded funds and large companies are literally "eating up all the natural supply of BTC," which is formed by miners.
Saylor highlighted two categories of corporate buyers:
Operating companies that choose bitcoin instead of dividends and share buybacks.
Firms with bitcoin reserves using BTC as a basis for creating digital credit instruments.
He emphasized that there is a growing demand for such instruments in traditional capital markets, and bitcoin is becoming the ideal type of "digital capital."
Previously, Saylor noted that a decrease in volatility could make BTC "a boring cryptocurrency," which, in his opinion, would only strengthen its role as a reliable asset.
