MicroStrategy founder Michael Saylor, one of the oldest and vocal advocates of Bitcoin, made new statements about BTC.
Speaking to CNBC, Saylor reiterated his support statements about Bitcoin and stated that the spot Bitcoin ETF applications that have increased in recent days are important for the BTC bull.
Also, noting that BTC has received unprecedented support from four US presidential candidates, Saylor said that this is an indication of the increasing acceptance of BTC.
“Bitcoin now enjoys the support of US presidential candidates, regulators, legislators, money managers, bankers, investors and the general public.
This is a positive factor for Bitcoin as an economic empowerment tool and will bring bullishness for the BTC price in the future.
Also, prominent money managers such as BlackRock, Fidelity and Charles Schwab have further solidified their position as winning assets by launching initiatives supporting BTC. "
Referring to the lack of regulatory clarity in the crypto industry, Michael Saylor said that when it is clearly distinguishable which asset is a commodity and which is a security, larger institutional investors will also enter the crypto ecosystem.
Bitcoin registered a significant rise after giant financial companies' spot Bitcoin ETF applications.
BTC continued its rise on Friday and broke above this year's high of $31,000.
*Not investment advice.