MicroStrategy CEO, Michael Saylor has declared Bitcoin bullish in 2024. This announcement comes ahead of key events scheduled this year that have the potential to propel BTC’s price to greater heights.

The Year Of Bitcoin

Former Chief Executive Officer and co-founder of MicroStrategy, Michael Saylor has recently taken to X (formerly Twitter) to proclaim that 2024 is the year of BTC.  “Welcome to 2024, The Year of Bitcoin,” Saylor stated. 

The bold declaration comes in the wake of the approaching deadline for the United States Security and Exchange Commission’s (SEC) final decision on the approval or denial of Spot Bitcoin Exchange Traded Funds (ETF). 

Presently, about 13 applications for Spot Bitcoin ETFs have been submitted by renowned asset management companies. Despite this optimistic outlook of Spot ETFs, the US SEC has delayed all applications, citing investor security and potential market manipulation as part of its reasons for the postponement. As a result, the regulatory agency has been ordered to make its final judgment on Spot BTC ETFs by January 10. 

Moreover, several industry experts have predicted that the SEC would approve Spot BTC ETFs by January. The most prominent voices are Bloomberg analysts, James Seyffart and Eric Balchunas, who have forecasted a 90% chance of the SEC authoriz

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Author: Scott Matherson

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