Posted 2/13/2024, 5:44:00 AM
Saylor: Bitcoin ETF Demand 10x Miner Supply; MicroStrategy to Rebrand as Bitcoin Company
- Michael Saylor said demand for bitcoin via new ETFs is 10x the supply from miners
- He believes there is pent-up demand from 10 years of investors waiting for bitcoin ETFs
- Bitcoin appeals due to no exposure to countries, companies, results, competitors, weather, war, employees
- MicroStrategy plans to rebrand itself as a bitcoin development company
- Saylor compared MicroStrategy's model to a real estate or petroleum development company