Odaily Planet Daily News MicroStrategy co-founder Michael Saylor said that with large financial companies applying for spot bitcoin ETFs and the overall optimistic environment of the financial industry, the encryption market is currently at an inflection point, BTC is a differentiated international asset store value and digital goods. Saylor also said that the move could boost the credibility of the U.S. central bank if it holds some BTC.
Saylor added that the approval of spot bitcoin ETFs by companies such as Blackrock and Citadel may change the pattern of retail investors and institutions buying BTC. Given the deep relationships that big tech companies like Apple, Microsoft and Amazon have with banks, they would be able to buy large amounts of BTC via spot ETFs “in a minute” if they wanted to, he said.