The mainstream adoption of digital assets has been one of the main goals of the crypto space. There have been made a lot of moves in this direction, and things continue to head for the best, according to the latest reports.
It’s been revealed that the co-founder and CEO of MicroStrategy, Michael Saylor, said that the booming regulatory scrutiny of the crypto industry would be making Bitcoin stronger.
During a new interview with Salt Talks, he responded to some recent comments from President Biden’s Treasury Secretary nominee Janet Yellen, who said that she’s concerned about the illicit use of crypto assets.
He made sure to point out the fact that new rules regulating the industry will ultimately be bullish for BTC.
“To the extent that we have regulated entities that are dealing in Bitcoin, I think it’s just going to accelerate the stampede of institutional money into Bitcoin,” he explained.
He also said that Bitcoin purchases are already taking place on regulated exchanges that are compliant with the AML and KYC laws put in place to prevent money laundering, terrorism financing and other crimes.
“Everybody’s buying Bitcoin on regulated exchanges, you know. You know what it’s like to get like a New York-regulated license to sell Bitcoin, they all have to comply with KYC, they all have to comply with AML – anti-money laundering regulations, know your customer regulations.”
Check out the video above in order to find out more details about what he had to say.
Also, make sure to check out what more he had to say in the original article.
Saylor says that Bitcoin is the dominant
Saylor has been really supportive of Bitcoin for a while now.
Check out the recent tweet that he shared on his social media account below.
#Bitcoin is the dominant digital monetary network. The next billion members will pay trillions to join. You might want to join first.
— Michael Saylor (@michael_saylor) January 18, 2021
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