MicroSยญtratยญeยญgy is a busiยญness intelยญliยญgence comยญpaยญny and one of the largest holdยญers of Bitยญcoin, the worldโs most valuยญable digยญiยญtal curยญrenยญcy by marยญket cap. And Michael Sayยญlor, the preยญviยญous CEO of MicroSยญtratยญeยญgy, believes the digยญiยญtal curยญrenยญcy marยญket is botยญtomยญing, and a Bitยญcoin (BTC) ralยญly is on the horiยญzon.
Regulation, Halving, And Ordinals Are Drivers
In the interยญview, Sayยญlor notes that plenยญty of tailยญwinds that may driยญve Bitยญcoin to new 2023 highs. In parยญticยญuยญlar, he talks about regยญuยญlaยญtions and how Bitยญcoin is safe, seeยญing as the favorยญable clasยญsiยญfiยญcaยญtion from the Unitยญed States Secuยญriยญties and Exchange Comยญmisยญsion (SEC) and the Comยญmodยญiยญty Futures Tradยญing Comยญmisยญsion (CFTC), two of the top regยญuยญlaยญtoยญry authorยญiยญties in the counยญtry. Their offiยญcials clasยญsiยญfy Bitยญcoin (BTC) as a comยญmodยญiยญty with utilยญiยญty and not an unregยญisยญtered secuยญriยญty.
Sayยญlor opines that othยญer assets except Bitยญcoin (BTC) have a โblack cloud hangยญingโ over them and may be โregยญuยญlatยญed out of exisยญtence.โ Conยญseยญquentยญly, he conยญtinยญued, finanยญcial resources will posยญsiยญbly likeยญly flow from crypยญto altยญcoins to BTC.
I think the crypยญtocurยญrenยญcy crypยญto tokens and secuยญriยญties will be regยญuยญlatยญed, perยญhaps out of exisยญtence. Bitยญcoin (BTC) is the most secure netยญwork. Itโs the most secure investยญment. Everyยญthing else has got a black cloud hangยญing over it. You will see a conยญsisยญtent flow of finanยญcial resources from the rest of the crypยญtocurยญrenยญcy ecoยญlogยญiยญcal sysยญtem into Bitยญcoin.
In addiยญtion to regยญuยญlaยญtion, he thinks the folยญlowยญing Bitยญcoin halvยญing event could proยญpel prices highยญer. In 2024, the Bitยญcoin (BTC) netยญwork will halve minยญer bonus from the present 6.25 Bitยญcoin to 3.125 BTC.
This develยญopยญment will be a supยญply shock on the netยญwork, makยญing Bitยญcoin scarcer and more valuยญable. Nevยญerยญtheยญless minยญer revยญenue can potenยญtialยญly fall, past halvยญing events have led to whole lot of price profยญits. This patยญtern could be repliยญcatยญed next year.
Despite the fact that Ordiยญnals has been blamed for bloatยญing the netยญwork, Sayยญlor remains posยญiยญtive tenยญdenยญcy about the serยญvice and that it will proยญpel the digยญiยญtal investยญment toward new highs. Ordiยญnals is a platยญform allowยญing users to attach files, such as texts and videos, to Satoshis, effecยญtiveยญly storยญing them on-chain. A satoshi is the smallยญest unit of BTC.
Bitcoin (BTC) Bull Run Incoming
Talkยญing to CNBC, Sayยญlor, a Bitยญcoin (BTC) perยญmabยญull, thinks the past few firmยญness of the coin may be the start of a bull run that might proยญpel it to new 2023 highs.
Bitยญcoin has been conยญsolยญiยญdatยญing, failยญing to conยญvincยญingยญly close over the $28,000 resisยญtance levยญel. For the betยญter part of May 2023, prices have been edgยญing lowยญer, movยญing from around the $31,000 levยญel recordยญed in late April 2023. Since April, the coin has decreased by around 10%, slidยญing to as low as $25,800 last week.
Regardยญless of the past few conยญtracยญtion, Bitยญcoin (BTC) remains durยญing a posยญiยญtive tenยญdenยญcy forยญmaยญtion. Itโs worth notยญing that, bears have failed to reverse profยญits postยญed from mid-March to earยญly April 2023.
