Michael Saylor, CEO of Microstrategy: Towards a sharp rise in bitcoin in 2024?
December 19, 2023 at 02:03 pm EST
Share
(MT Newswires) -- Michael Saylor, executive chairman and co-founder of Microstrategy Inc (MSTR), predicts a significant rise in Bitcoin in 2024 and that the approval of a Spot Bitcoin ETF could be the biggest development on Wall Street in 30 years, comparable to the creation of the S&P index. Saylor explains that the majority of current investments in Bitcoin come from long-term holders, and that traditional investors have not yet had access to a compliant channel to invest in this asset class. He anticipates a "demand shock" in January with the approval of cash ETFs, followed by a "supply shock" in April, when miners' rewards will be halved.
MicroStrategy Incorporated is a bitcoin development company. It is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. It designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. It provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. It offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.
MICROSTRATEGY INCORPORATED 
