'I expect bitcoin is going to go into the millions ... We think it's the future of money,' said the CEO. $BTC crypto cryptocurrency
“No,” the CEO replied, emphasizing, “we are in it for the long term.” He elaborated: “Our strategy is to buy bitcoin and hold the bitcoin, so there’s no price target. I expect we’ll be buying bitcoin at the local top forever.” He continued:
I expect bitcoin is going to go into the millions. So, we’re very patient. We think it’s the future of money. Commenting on cryptocurrency regulation, he noted that “There’s been a deadlock in D.C. and on Capitol Hill around stablecoin regulations and around securities token regulations.” Saylor added that “the Administration wants to move faster” but “Congress is moving slower.”I think this meltdown of LUNA, UST, that’s going to accelerate the regulations of stablecoins and security tokens, which will be a good thing for the industry.
“Over time, I think as people get educated and as they get more comfortable, I think we’ll recover from this drawdown,” he concluded.
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