Bitcoin Is Ideal For Generational Wealth Preservation, Michael Saylor Says

Michael Saylor continues to boost Bitcoin these days. Things are looking great for the king coin and, as we already said, the fundamentals are great for BTC these days.

As you already know, during the B Word conference, Elon Musk praised the king coin and said that he, SpaceX and Tesla own BTC and they don’t plan on selling.

Here’s Saylor’s tweet:

The Street writes that according to a recent survey, 15% of family offices the bank Goldman Sachs does business with are already invested in crypto.

The same online publication mentioned above notes that the survey, which polled more than 150 family offices that the bank does business with, found that 15% of respondents are already invested in crypto.

It also found that another 45% are interested in crypto assets as a hedge against “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus.”

We suggest that you check out the complete article in order to learn more available details about the subject.

New Bitcoin regulations are out

Regulation is a very important issue in the crypto space. This can lead to mainstream adoption and increased trust from investors.

Check out some new regulations that have been revealed by The Wall Street Journal.

The notes in the publication reveal that “Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for bitcoin and other cryptocurrency assets.”

It’s been also revealed that the assets, for which there are no binding U.S. accounting requirements, have drawn regulators’ interest.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.