MicroStrategy co-founder and Executive Chairman Michael Saylor doubled down on his enthusiasm for Bitcoin on Thursday, telling CNBC that he believes the cryptocurrency is soon going to experience a price boost previously unheard of in modern financial history. 

Saylor’s confidence in the coin stems from the confluence of a number of Bitcoin-related events that are anticipated to occur over the next year. For one, Bitcoin is set for a “halving” event next April that will reduce Bitcoin mining rewards by 50%—substantially reducing the amount of Bitcoin likely to be flooded by miners into the market. 

Rumors are also flying on Wall Street that the first spot Bitcoin ETF—long desired but never yet greenlit by U.S. regulators—could finally gain approval as soon as Christmas, opening the cryptocurrency to even more mainstream investment.

“You’re going to see $12 billion of natural selling

Go to Source to See Full Article
Author: Sander Lutz

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details